Cadiz Inc. (NASDAQ:CDZIP) Short Interest Update

Cadiz Inc. (NASDAQ:CDZIP) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 6,500 shares, a decline of 19.8% from the November 30th total of 8,100 shares. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is currently 0.7 days.

Cadiz Stock Performance

Shares of NASDAQ CDZIP traded up $0.30 during mid-day trading on Tuesday, reaching $17.80. 32,723 shares of the company’s stock were exchanged, compared to its average volume of 7,920. Cadiz has a 52-week low of $11.50 and a 52-week high of $17.88. The company’s 50-day moving average is $16.38 and its 200-day moving average is $15.70.

Cadiz Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 12.58%. This is a boost from Cadiz’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, January 3rd.

About Cadiz

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.