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

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

Analysts Set New Price Targets

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

Institutional Trading of Cadiz

Several hedge funds have recently added to or reduced their stakes in the business. B. Riley Financial Inc. increased its stake in shares of Cadiz by 125.8% during the third quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock valued at $568,000 after purchasing an additional 104,400 shares in the last quarter. HCR Wealth Advisors increased its stake in shares of Cadiz by 24.3% during the third quarter. HCR Wealth Advisors now owns 455,921 shares of the company’s stock valued at $1,381,000 after purchasing an additional 89,234 shares in the last quarter. Equitec Proprietary Markets LLC increased its stake in shares of Cadiz by 71.4% during the fourth 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 in the last quarter. GAM Holding AG increased its stake in shares of Cadiz by 100.0% during the third quarter. GAM Holding AG now owns 100,000 shares of the company’s stock valued at $303,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Cadiz by 315.6% during the third quarter. Barclays PLC now owns 60,217 shares of the company’s stock valued at $183,000 after purchasing an additional 45,728 shares in the last quarter. 79.75% of the stock is owned by institutional investors.

Cadiz Stock Performance

Cadiz stock opened at $5.01 on Tuesday. 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 company has a market capitalization of $376.80 million, a PE ratio of -9.93 and a beta of 0.91. The firm has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $3.70. 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.