Cadiz Inc. (NASDAQ:CDZI) Short Interest Up 6.2% in January

Cadiz Inc. (NASDAQ:CDZI) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 5,280,000 shares, a growth of 6.2% from the December 31st total of 4,970,000 shares. Based on an average daily volume of 493,200 shares, the days-to-cover ratio is currently 10.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CDZI. SG Americas Securities LLC purchased a new position in shares of Cadiz during the 3rd quarter valued at $45,000. HCR Wealth Advisors grew its position in shares of Cadiz by 24.3% during the 3rd quarter. HCR Wealth Advisors now owns 455,921 shares of the company’s stock valued at $1,381,000 after purchasing an additional 89,234 shares in the last quarter. GAM Holding AG grew its position in shares of Cadiz by 100.0% during the 3rd quarter. GAM Holding AG now owns 100,000 shares of the company’s stock valued at $303,000 after purchasing an additional 50,000 shares in the last quarter. Joel Isaacson & Co. LLC grew its position in shares of Cadiz by 70.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock valued at $62,000 after purchasing an additional 8,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Cadiz during the 3rd quarter valued at $58,000. 79.75% of the stock is currently owned by hedge funds and other institutional investors.

Cadiz Trading Up 1.5 %

Shares of CDZI stock opened at $5.01 on Tuesday. The company has a 50 day moving average of $4.60 and a 200-day moving average of $3.70. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. Cadiz has a 12-month low of $2.12 and a 12-month high of $5.68. The firm has a market cap of $376.80 million, a P/E ratio of -9.93 and a beta of 0.91.

Analyst Upgrades and Downgrades

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

Cadiz Company Profile

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.