Cadiz Inc. (NASDAQ:CDZIP) Short Interest Up 427.8% in March

Cadiz Inc. (NASDAQ:CDZIP) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,500 shares, a growth of 427.8% from the February 29th total of 1,800 shares. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is presently 1.3 days.

Cadiz Stock Up 2.2 %

Shares of CDZIP opened at $14.46 on Friday. The stock has a 50-day moving average of $13.93 and a two-hundred day moving average of $14.70. Cadiz has a one year low of $12.75 and a one year high of $17.97.

Cadiz Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, April 4th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 15.21%. The ex-dividend date of this dividend is Wednesday, April 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 Treatment Business segments. It offers clean water solutions, such as water supply, including for agriculture and off-property uses; and water storage, conveyance, and treatment solutions.