Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Decreases By 54.7%

Cadiz Inc. (NASDAQ:CDZIP) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 2,900 shares, a drop of 54.7% from the May 31st total of 6,400 shares. Based on an average daily trading volume, of 8,500 shares, the days-to-cover ratio is presently 0.3 days.

Cadiz Stock Performance

Shares of NASDAQ:CDZIP remained flat at $15.94 on Friday. The stock had a trading volume of 8,032 shares, compared to its average volume of 8,029. Cadiz has a 12 month low of $11.50 and a 12 month high of $17.39. The company’s 50 day moving average price is $13.51 and its 200-day moving average price is $13.80.

Cadiz Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, July 5th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 14.05%. This is an increase from Cadiz’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, July 5th.

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.