Short Interest Alert: Cadiz Incorporated (NASDAQ:CDZI) Could Burn Your Long Portfolio After More Shorts

November 29, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Alert: Cadiz Incorporated (NASDAQ:CDZI) Could Burn Your Long Portfolio After More Shorts

The stock of Cadiz Incorporated (NASDAQ:CDZI) registered an increase of 1.14% in short interest. CDZI’s total short interest was 2.53 million shares in November as published by FINRA. Its up 1.14% from 2.50 million shares, reported previously. With 21,300 shares average volume, it will take short sellers 119 days to cover their CDZI’s short positions. The short interest to Cadiz Incorporated’s float is 19.12%. The stock increased 0.97% or $0.1 on November 28, hitting $10.4. Cadiz Inc (NASDAQ:CDZI) has risen 85.71% since April 26, 2016 and is uptrending. It has outperformed by 80.45% the S&P500.

Cadiz Inc. is a land and water resource development firm with approximately 45,000 acres of land in three areas of eastern San Bernardino County, California. The company has a market cap of $196.87 million. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture. It currently has negative earnings. It is focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project, which captures and conserves millions of acre-feet of native groundwater being lost to evaporation from the aquifer system beneath its approximately 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County and deliver it to water providers throughout Southern California.

Insitutional Activity: The institutional sentiment decreased to 0.48 in Q2 2016. Its down 0.20, from 0.68 in 2016Q1. The ratio dived, as 5 funds sold all Cadiz Inc shares owned while 14 reduced positions. 4 funds bought stakes while 9 increased positions. They now own 8.13 million shares or 2.97% less from 8.38 million shares in 2016Q1.
Gamco Investors Inc Et Al accumulated 10,000 shares or 0% of the stock. Mcf Advsrs Limited Com owns 500 shares or 0% of their US portfolio. Art Ltd Liability Company has 0% invested in the company for 11,291 shares. Diam Communications Limited last reported 0% of its portfolio in the stock. Assets Capital Advisers reported 904,504 shares or 3.42% of all its holdings. Northern Trust accumulated 0% or 45,598 shares. Forward Mgmt Lc holds 0.02% or 49,000 shares in its portfolio. Ingalls And Snyder Ltd Liability has 0.08% invested in the company for 240,650 shares. Gabelli Funds Limited Liability Corporation has 0% invested in the company for 15,000 shares. Millennium Mngmt Lc accumulated 51,126 shares or 0% of the stock. Blackrock Ltd holds 2,921 shares or 0% of its portfolio. California Employees Retirement Sys has invested 0% of its portfolio in Cadiz Inc (NASDAQ:CDZI). Waverton Mngmt Ltd has 253,400 shares for 0.11% of their US portfolio. Water Asset Limited Liability Co owns 2.46M shares or 13.28% of their US portfolio. Commerzbank Aktiengesellschaft Fi accumulated 0% or 87,000 shares.

Insider Transactions: Since November 9, 2016, the stock had 3 insider purchases, and 0 sales for $1.80 million net activity. Shares for $134,146 were bought by Hickox Winston H. Water Asset Management LLC bought 200,000 shares worth $1.62M.

CDZI Company Profile

Cadiz Inc., incorporated on April 27, 1992, is a land and water resource development firm with approximately 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture. The Firm is focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project (Water Project or Project), which captures and conserves millions of acre-feet of native groundwater being lost to evaporation from the aquifer system beneath its approximately 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County (the Cadiz/Fenner Property), and deliver it to water providers throughout Southern California. The Company’s development activities include water resource and agricultural development at its San Bernardino County properties.

More important recent Cadiz Inc (NASDAQ:CDZI) news were published by: Globenewswire.com which released: “Cadiz Inc. Issues Statement on Apparent Bias in Bureau of Land Management’s …” on August 17, 2016, also Quotes.Wsj.com published article titled: “News Cadiz Inc.CDZI”, Globenewswire.com published: “Cadiz Inc. Announces California Court of Appeals Upholds Water Project’s …” on May 10, 2016. More interesting news about Cadiz Inc (NASDAQ:CDZI) was released by: Latimes.com and their article: “The Cadiz water scheme: How political juice kept a bad idea alive for years” with publication date: October 07, 2015.

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By Hazel Jackson


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