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

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

Cadiz Stock Up 2.0 %

CDZI stock opened at $5.04 on Tuesday. Cadiz has a twelve month low of $2.12 and a twelve month high of $5.68. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. The business’s 50-day moving average price is $4.60 and its 200-day moving average price is $3.70.

Analyst Ratings Changes

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

Institutional Trading of Cadiz

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Equitec Proprietary Markets LLC raised its stake in Cadiz by 71.4% during the 4th quarter. Equitec Proprietary Markets LLC now owns 142,574 shares of the company’s stock valued at $741,000 after purchasing an additional 59,400 shares during the period. SG Americas Securities LLC raised its stake in Cadiz by 31.6% during the 4th quarter. SG Americas Securities LLC now owns 19,717 shares of the company’s stock valued at $103,000 after purchasing an additional 4,737 shares during the period. HCR Wealth Advisors raised its stake in Cadiz by 15.8% during the 4th quarter. HCR Wealth Advisors now owns 528,000 shares of the company’s stock valued at $2,746,000 after purchasing an additional 72,079 shares during the period. Barclays PLC increased its stake in Cadiz by 315.6% in the 3rd quarter. Barclays PLC now owns 60,217 shares of the company’s stock worth $183,000 after acquiring an additional 45,728 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Cadiz by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 989,296 shares of the company’s stock worth $2,998,000 after acquiring an additional 30,354 shares during the last quarter. Institutional investors own 79.75% of the company’s stock.

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.