Cadiz Inc. (NASDAQ:CDZI - Get Free Report) 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 trading volume of 218,800 shares, the short-interest ratio is currently 19.1 days.
Cadiz Stock Performance
CDZI traded down $0.10 during mid-day trading on Tuesday, reaching $2.15. 118,444 shares of the company traded hands, compared to its average volume of 212,279. The stock has a market capitalization of $144.18 million, a P/E ratio of -3.84 and a beta of 0.71. The company has a quick ratio of 1.01, a current ratio of 1.37 and a debt-to-equity ratio of 1.52. The company's fifty day moving average price is $2.69 and its 200-day moving average price is $2.85. Cadiz has a 52-week low of $2.12 and a 52-week high of $5.80.
Institutional Investors Weigh In On Cadiz
Hedge funds have recently added to or reduced their stakes in the stock. Verition Fund Management LLC purchased a new stake in Cadiz during the 2nd quarter valued at $26,000. Dimensional Fund Advisors LP purchased a new stake in Cadiz during the 3rd quarter valued at $31,000. BNP Paribas Financial Markets raised 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 valued at $32,000 after buying an additional 5,222 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Cadiz by 15,764.9% during the 4th quarter. Russell Investments Group Ltd. now owns 12,216 shares of the company's stock valued at $34,000 after buying an additional 12,139 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Cadiz in the 3rd quarter worth $38,000. 79.75% of the stock is currently owned by hedge funds and other institutional investors.
About Cadiz
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cadiz, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cadiz wasn't on the list.
While Cadiz currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
