Cadiz Inc. (NASDAQ:CDZI – Get Rating) noticed short-term rates of interest rise sharply in October. As of October 31, there was quick curiosity totaling 618,800 shares, a 25.2% improve from the October 15 complete of 494,300 shares. Currently, 2.1% of the corporate’s shares are quick. Based on a mean each day quantity of 144,100 shares, the days-to-cover ratio is at present 4.3 days.
Wall Street analysts forecast development
Separately, StockNews.com started protection of Cadiz in a report Wednesday, October 12. They give the inventory a “sell” score.
Performance of Cadiz inventory
NASDAQ CDZI on Friday rose $0.04 to hit $2.11. The inventory had a buying and selling quantity of 243,747 shares in comparison with a mean quantity of 147,309. The firm has a gearing ratio of 1.21, a present ratio of 4.35 and a fast ratio of 4.35. The firm has a 50-day shifting common of $2.28 and a 200-day shifting common of $2.62. Cadiz has a 1 12 months low of $1.48 and a 1 12 months excessive of $6.07. The firm has a market cap of $107.17 million, a P/E of -3.15 and a beta of 0.61.
Cadiz (NASDAQ:CDZI – Get Rating) final reported its earnings outcomes on Friday, August twelfth. The firm reported earnings per share of ($0.13) for the quarter, lacking analyst consensus estimates of ($0.10) by ($0.03). The firm had income of $0.19 million for the quarter in comparison with the consensus estimate of $0.14 million. Cadiz had a adverse internet margin of 4,114.24% and a adverse return on fairness of 55.02%. On common, fairness analysts count on Cadiz to publish -0.53 EPS for the 12 months so far.
Institutional commerce of Cadiz
Institutional traders and hedge funds not too long ago modified their holdings in the corporate. Verition Fund Management LLC acquired a brand new stake in Cadiz inventory valued at $26,000 throughout the second quarter. Corient Capital Partners LLC acquired a brand new $28,000 stake in Cadiz inventory throughout the second quarter. National Bank of Canada FI purchased a brand new $29,000 holding in Cadiz inventory throughout the second quarter. Virtu Financial LLC acquired a brand new $30,000 stake in Cadiz inventory throughout the third quarter. Finally, Dimensional Fund Advisors LP acquired a brand new place in Cadiz valued at roughly $31,000 in Q3. 55.70% of the shares are at present held by institutional traders.
Company Profile of Cadiz
Cadiz Inc, along with its subsidiaries, operates as a pure useful resource growth firm in the United States. It is engaged in water assets and agricultural growth actions on San Bernardino County properties. The Company owns roughly 35,000 acres in the Cadiz and Fenner Valleys of jap San Bernardino County; and roughly 11,000 acres of land in the jap portion of the Mojave Desert of San Bernardino County.
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