Capital Properties Inc. (OTCMKTS:CPTP) Sees Significant Decrease in Short Interest

Capital Properties Inc. (OTCMKTS:CPTP) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 244 shares, a decrease of 67.2% from the February 26th total of 744 shares. Based on an average daily trading volume, of 1,490 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,490 shares, the days-to-cover ratio is presently 0.2 days.

Capital Properties Price Performance

CPTP opened at $13.50 on Wednesday. The stock has a market capitalization of $89.10 million, a price-to-earnings ratio of 61.36 and a beta of 0.31. The business has a 50-day moving average of $13.41 and a two-hundred day moving average of $12.29. Capital Properties has a 12 month low of $8.89 and a 12 month high of $14.00.

About Capital Properties

Capital Properties, Inc, together with its subsidiaries, engages in leasing land in downtown Providence, Rhode Island under long-term ground leases. It owns approximately 18 acres in the Capital Center consisting of 13 individual parcels; leases the undeveloped parcels of land adjacent to the Capital Center for public parking purposes; and leases 23 outdoor advertising locations containing 44 billboard faces along interstate and primary highways in Rhode Island and Massachusetts. The company was formerly known as Providence and Worcester Company and changed its name to Capital Properties, Inc in July 1984.