Short Interest in Cadiz Inc. (NASDAQ:CDZI) Decreases By 7.7%

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CDZI. BlackRock Inc. increased its holdings in shares of Cadiz by 237.5% during the second quarter. BlackRock Inc. now owns 2,642,435 shares of the company’s stock worth $10,728,000 after buying an additional 1,859,448 shares in the last quarter. B. Riley Asset Management LLC acquired a new position in shares of Cadiz during the first quarter worth $7,066,000. Legal & General Group Plc increased its holdings in shares of Cadiz by 23,359.2% during the third quarter. Legal & General Group Plc now owns 1,164,517 shares of the company’s stock worth $3,855,000 after buying an additional 1,159,553 shares in the last quarter. B. Riley Financial Inc. increased its holdings in shares of Cadiz by 268.8% during the third quarter. B. Riley Financial Inc. now owns 1,345,824 shares of the company’s stock worth $4,455,000 after buying an additional 980,898 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its holdings in Cadiz by 133.9% in the third quarter. Levin Capital Strategies L.P. now owns 1,064,411 shares of the company’s stock valued at $3,523,000 after purchasing an additional 609,246 shares during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Cadiz Price Performance

NASDAQ CDZI traded down $0.10 on Tuesday, hitting $2.15. 118,444 shares of the company’s stock were exchanged, compared to its average volume of 212,279. The stock has a 50-day moving average of $2.69 and a 200-day moving average of $2.85. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 1.52. Cadiz has a 52 week low of $2.12 and a 52 week high of $5.80. The stock has a market cap of $144.18 million, a price-to-earnings ratio of -3.84 and a beta of 0.71.

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.