Cadiz Inc. (NASDAQ:CDZIP – Get Rating) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 4,900 shares, a decline of 14.0% from the March 15th total of 5,700 shares. Based on an average daily volume of 1,900 shares, the short-interest ratio is currently 2.6 days.

Insider Transactions at Cadiz

In other news, major shareholder International Group Se Heerema purchased 3,675,000 shares of the company's stock in a transaction dated Thursday, February 2nd. The shares were purchased at an average price of $3.84 per share, for a total transaction of $14,112,000.00. Following the transaction, the insider now owns 20,513,965 shares of the company's stock, valued at $78,773,625.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Cadiz Stock Performance

Shares of NASDAQ CDZIP traded up $0.39 during midday trading on Thursday, reaching $16.97. The stock had a trading volume of 4,384 shares, compared to its average volume of 2,049. Cadiz has a twelve month low of $9.63 and a twelve month high of $18.31. The firm has a 50 day simple moving average of $16.30.

Cadiz Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Tuesday, April 4th were paid a $0.55 dividend. The ex-dividend date of this dividend was Monday, April 3rd. This represents a $2.20 annualized dividend and a dividend yield of 12.96%.

Cadiz Company Profile

(Get Rating)

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.

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