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

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Cadiz

In other Cadiz news, major shareholder International Group Se Heerema purchased 2,070,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $3.34 per share, for a total transaction of $6,913,800.00. Following the completion of the purchase, the insider now directly owns 22,783,965 shares of the company’s stock, valued at approximately $76,098,443.10. This trade represents a 9.99 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Cadiz

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Cadiz during the third quarter worth about $45,000. The Manufacturers Life Insurance Company purchased a new position in Cadiz in the third quarter worth approximately $58,000. BNP Paribas Financial Markets lifted its stake in Cadiz by 27.0% in the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock worth $62,000 after acquiring an additional 4,329 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in Cadiz by 70.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock worth $62,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Cadiz by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock valued at $145,000 after purchasing an additional 2,995 shares during the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Cadiz Stock Up 4.7 %

Cadiz stock opened at $5.16 on Tuesday. The firm has a market capitalization of $387.93 million, a P/E ratio of -10.12 and a beta of 0.93. The company has a current ratio of 1.36, a quick ratio of 0.87 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. The stock’s fifty day simple moving average is $4.29 and its 200-day simple moving average is $3.60.

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.