Short Interest in Cadiz Inc. (NASDAQ:CDZI) Expands By 8.6%

Cadiz Inc. (NASDAQ:CDZI) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 4,540,000 shares, an increase of 8.6% from the March 31st total of 4,180,000 shares. Approximately 11.5% of the shares of the company are short sold. Based on an average trading volume of 203,600 shares, the short-interest ratio is currently 22.3 days.

Cadiz Trading Down 1.3 %

Cadiz stock opened at $2.25 on Thursday. The business has a 50 day moving average price of $2.58 and a two-hundred day moving average price of $2.80. The company has a quick ratio of 1.01, a current ratio of 1.37 and a debt-to-equity ratio of 1.52. Cadiz has a 12 month low of $2.12 and a 12 month high of $5.80.

Cadiz (NASDAQ:CDZI) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). Cadiz had a negative net margin of 1,579.41% and a negative return on equity of 62.56%. The firm had revenue of $0.68 million during the quarter. Equities research analysts predict that Cadiz will post -0.19 earnings per share for the current year.

Insider Buying and Selling at Cadiz

In other news, CEO Susan P. Kennedy purchased 25,000 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was purchased at an average price of $2.25 per share, with a total value of $56,250.00. Following the acquisition, the chief executive officer now directly owns 966,921 shares in the company, valued at approximately $2,175,572.25. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.59% of the company’s stock.

Hedge Funds Weigh In On Cadiz

A number of hedge funds have recently modified their holdings of the stock. American Assets Investment Management LLC raised its holdings in shares of Cadiz by 6.6% in the 4th quarter. American Assets Investment Management LLC now owns 82,748 shares of the company’s stock worth $232,000 after buying an additional 5,158 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Cadiz in the 3rd quarter worth approximately $38,000. Russell Investments Group Ltd. raised its holdings in shares of Cadiz by 15,764.9% in the 4th quarter. Russell Investments Group Ltd. now owns 12,216 shares of the company’s stock worth $34,000 after buying an additional 12,139 shares in the last quarter. Kepos Capital LP acquired a new position in shares of Cadiz in the 3rd quarter worth approximately $61,000. Finally, Spartan Fund Management Inc. acquired a new position in shares of Cadiz in the 4th quarter worth approximately $57,000. 79.75% of the stock is owned by institutional investors and hedge funds.

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.