Cadiz Inc. (NASDAQ:CDZI) Short Interest Update

Cadiz Inc. (NASDAQ:CDZI - Get Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 6,460,000 shares, a growth of 13.1% from the January 15th total of 5,710,000 shares. Based on an average daily trading volume, of 643,200 shares, the short-interest ratio is currently 10.0 days.

Cadiz Trading Down 1.9 %

Shares of Cadiz stock traded down $0.09 during trading on Friday, reaching $4.56. 460,006 shares of the company were exchanged, compared to its average volume of 655,324. 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. The business has a 50-day moving average price of $4.81 and a 200-day moving average price of $3.83. The firm has a market capitalization of $342.82 million, a price-to-earnings ratio of -8.94 and a beta of 0.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDZI. SG Americas Securities LLC bought a new position in Cadiz during the third quarter worth about $45,000. Corient Private Wealth LLC bought a new position in Cadiz during the fourth quarter worth about $57,000. Ethic Inc. bought a new position in Cadiz during the fourth quarter worth about $57,000. The Manufacturers Life Insurance Company bought a new position in Cadiz during the third quarter worth about $58,000. Finally, Walleye Capital LLC bought a new position in Cadiz during the fourth quarter worth about $60,000. 79.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cadiz to a "sell" rating in a research note on Friday, November 15th.

About Cadiz

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.