Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 8,600 shares, a decline of 9.5% from the March 15th total of 9,500 shares. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is currently 1.4 days.
Cadiz Stock Performance
CDZIP opened at $11.95 on Wednesday. Cadiz has a twelve month low of $11.72 and a twelve month high of $17.60. The firm’s 50-day moving average price is $13.91 and its 200 day moving average price is $14.45.
Cadiz Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were issued a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $2.20 annualized dividend and a yield of 18.41%.
Cadiz Company Profile
Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.
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