Cadiz Inc. (NASDAQ:CDZI) Short Interest Update

Cadiz Inc. (NASDAQ:CDZI) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 4,180,000 shares, a decline of 7.7% from the March 15th total of 4,530,000 shares. Based on an average daily volume of 218,800 shares, the days-to-cover ratio is currently 19.1 days.

Institutional Investors Weigh In On Cadiz

Institutional investors and hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC purchased a new stake in shares of Cadiz in the 2nd quarter valued at approximately $26,000. BNP Paribas Financial Markets increased its stake in Cadiz by 86.0% during the 4th quarter. BNP Paribas Financial Markets now owns 11,296 shares of the company’s stock worth $32,000 after buying an additional 5,222 shares during the period. Gamco Investors INC. ET AL purchased a new stake in Cadiz during the 3rd quarter worth approximately $38,000. State Board of Administration of Florida Retirement System purchased a new stake in Cadiz during the 2nd quarter worth approximately $47,000. Finally, Walleye Capital LLC purchased a new stake in Cadiz during the 2nd quarter worth approximately $49,000. 79.75% of the stock is owned by hedge funds and other institutional investors.

Cadiz Trading Down 4.4 %

Shares of Cadiz stock traded down $0.10 on Tuesday, reaching $2.15. The company had a trading volume of 118,444 shares, compared to its average volume of 212,279. The firm’s 50 day moving average price is $2.69 and its two-hundred day moving average price is $2.85. The firm has a market cap of $144.18 million, a PE ratio of -3.84 and a beta of 0.71. Cadiz has a 52-week low of $2.12 and a 52-week high of $5.80. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.01 and a current ratio of 1.37.

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.