Cadiz Inc. (NASDAQ:CDZI) Short Interest Update

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

Analysts Set New Price Targets

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

Insider Activity

In other Cadiz news, major shareholder International Group Se Heerema acquired 2,070,000 shares of Cadiz stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $3.34 per share, for a total transaction of $6,913,800.00. Following the completion of the transaction, the insider now owns 22,783,965 shares in the company, valued at approximately $76,098,443.10. This represents a 9.99 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Cadiz

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in shares of Cadiz by 6.8% during the second quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock valued at $145,000 after acquiring an additional 2,995 shares during the period. BNP Paribas Financial Markets boosted its stake in Cadiz by 27.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after purchasing an additional 4,329 shares in the last quarter. SG Americas Securities LLC increased its position in shares of 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. Joel Isaacson & Co. LLC raised its stake in shares of Cadiz by 70.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock worth $62,000 after buying an additional 8,500 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Cadiz by 15.0% in the second quarter. Bank of New York Mellon Corp now owns 119,461 shares of the company’s stock valued at $369,000 after buying an additional 15,557 shares during the period. 79.75% of the stock is owned by institutional investors and hedge funds.

Cadiz Trading Up 4.7 %

CDZI stock traded up $0.23 during trading on Friday, hitting $5.16. The company had a trading volume of 535,753 shares, compared to its average volume of 447,825. The business has a 50 day moving average of $4.26 and a 200 day moving average of $3.59. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36. Cadiz has a fifty-two week low of $2.12 and a fifty-two week high of $5.68.

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.