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

Capital Properties Inc. (OTCMKTS:CPTP) saw a significant decrease in short interest during 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. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,490 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,490 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Capital Properties Price Performance

Capital Properties stock opened at $13.50 on Wednesday. The company has a market cap of $89.10 million, a price-to-earnings ratio of 61.36 and a beta of 0.31. Capital Properties has a 12 month low of $8.89 and a 12 month high of $14.00. The stock’s 50-day moving average is $13.41 and its 200-day moving average is $12.29.

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.