Cadiz Inc. (NASDAQ:CDZI) Short Interest Update

Cadiz Inc. (NASDAQ:CDZI) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,280,000 shares, an increase of 6.2% from the December 15th total of 4,970,000 shares. Based on an average trading volume of 493,200 shares, the days-to-cover ratio is presently 10.7 days.

Insider Transactions at Cadiz

In related news, major shareholder International Group Se Heerema purchased 2,070,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the acquisition, the insider now directly owns 22,783,965 shares of the company’s stock, valued at approximately $76,098,443.10. The trade was a 9.99 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Cadiz

A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Cadiz in the 3rd quarter worth about $45,000. The Manufacturers Life Insurance Company acquired a new stake in Cadiz during the third quarter worth about $58,000. BNP Paribas Financial Markets lifted its holdings in Cadiz by 27.0% in the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock worth $62,000 after acquiring an additional 4,329 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in Cadiz by 70.8% in the third quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock valued at $62,000 after acquiring an additional 8,500 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Cadiz by 6.8% during the second quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock valued at $145,000 after purchasing an additional 2,995 shares during the last quarter. Institutional investors and hedge funds own 79.75% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cadiz to a “sell” rating in a research report on Friday, November 15th.

Cadiz Price Performance

NASDAQ:CDZI traded up $0.23 during trading hours on Friday, reaching $5.16. 535,753 shares of the stock were exchanged, compared to its average volume of 447,825. The firm has a 50 day simple moving average of $4.26 and a 200-day simple moving average of $3.59. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88. Cadiz has a 52 week low of $2.12 and a 52 week high of $5.68.

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.