Cadiz Inc. (NASDAQ:CDZIP – Get Rating) was the target of a large growth in short interest in the month of December. As of December 30th, there was short interest totalling 3,800 shares, a growth of 8.6% from the December 15th total of 3,500 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is currently 0.8 days.
Insider Buying and Selling
In related news, Director Susan P. Kennedy purchased 75,000 shares of the firm's stock in a transaction dated Tuesday, December 13th. The shares were purchased at an average price of $2.22 per share, with a total value of $166,500.00. Following the acquisition, the director now directly owns 75,950 shares of the company's stock, valued at $168,609. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have bought 84,905 shares of company stock valued at $192,116.
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Cadiz Price Performance
Shares of NASDAQ:CDZIP traded down $0.17 during trading on Tuesday, reaching $14.29. The company had a trading volume of 2,999 shares, compared to its average volume of 2,931. Cadiz has a 12 month low of $9.63 and a 12 month high of $18.31.
Cadiz Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Wednesday, January 4th were issued a $0.56 dividend. This is a positive change from Cadiz's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, January 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 15.68%.
Cadiz Company Profile
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Cadiz Inc, together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.
Further Reading
- Get a free copy of the StockNews.com research report on Cadiz (CDZIP)
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