Cadiz Inc. (NASDAQ:CDZI) Sees Significant Growth in Short Interest

Cadiz Inc. (NASDAQ:CDZI) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,460,000 shares, an increase of 13.1% from the January 15th total of 5,710,000 shares. Based on an average trading volume of 643,200 shares, the days-to-cover ratio is presently 10.0 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Cadiz

Several hedge funds have recently bought and sold shares of CDZI. SG Americas Securities LLC acquired a new stake in Cadiz in the third quarter valued at $45,000. Corient Private Wealth LLC purchased a new stake in shares of Cadiz in the 4th quarter worth about $57,000. Ethic Inc. acquired a new stake in Cadiz in the 4th quarter valued at about $57,000. The Manufacturers Life Insurance Company purchased a new position in Cadiz during the 3rd quarter valued at about $58,000. Finally, Walleye Capital LLC acquired a new position in Cadiz during the fourth quarter worth about $60,000. 79.75% of the stock is owned by hedge funds and other institutional investors.

Cadiz Price Performance

CDZI stock traded up $0.05 on Monday, reaching $5.16. 285,522 shares of the company’s stock were exchanged, compared to its average volume of 815,021. The stock has a fifty day moving average of $4.76 and a 200-day moving average of $3.81. The firm has a market cap of $387.93 million, a PE ratio of -10.12 and a beta of 0.91. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. Cadiz has a twelve month low of $2.12 and a twelve month 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.