Cadiz Inc. (NASDAQ:CDZIP) Short Interest Up 780.0% in November

Cadiz Inc. (NASDAQ:CDZIP) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 4,400 shares, a growth of 780.0% from the October 31st total of 500 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 0.8 days.

Cadiz Trading Up 0.4 %

Shares of CDZIP stock traded up $0.06 during midday trading on Friday, hitting $16.97. The company had a trading volume of 2,405 shares, compared to its average volume of 6,913. The company’s 50 day simple moving average is $15.56 and its 200 day simple moving average is $15.14. Cadiz has a 52-week low of $11.50 and a 52-week high of $17.39.

Cadiz Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th were paid a $0.55 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.20 annualized dividend and a dividend yield of 12.96%.

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.