Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 3,500 shares, an increase of 25.0% from the March 15th total of 2,800 shares. Based on an average trading volume of 9,800 shares, the short-interest ratio is presently 0.4 days.
Cadiz Trading Down 0.7 %
NASDAQ CDZIP traded down $0.12 on Friday, hitting $17.17. 1,445 shares of the stock traded hands, compared to its average volume of 8,562. The stock has a 50-day moving average of $18.36 and a 200 day moving average of $17.32. Cadiz has a twelve month low of $11.62 and a twelve month high of $19.79.
Cadiz Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 12.81%. The ex-dividend date was Friday, April 4th.
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.
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