Short Interest in Capital Properties Inc. (OTCMKTS:CPTP) Decreases By 63.9%

Capital Properties Inc. (OTCMKTS:CPTP) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 138 shares, a drop of 63.9% from the May 14th total of 382 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 199 shares, the days-to-cover ratio is currently 0.7 days.

Capital Properties Stock Performance

OTCMKTS:CPTP remained flat at $14.75 on Friday. The company’s stock had a trading volume of 121 shares, compared to its average volume of 82. The stock’s 50 day moving average is $14.43 and its 200-day moving average is $13.48. The stock has a market capitalization of $97.35 million, a price-to-earnings ratio of 47.58 and a beta of 0.32. Capital Properties has a twelve month low of $10.00 and a twelve month high of $15.95.

Capital Properties (OTCMKTS:CPTP) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.09 EPS for the quarter. The business had revenue of $1.47 million for the quarter. Capital Properties had a return on equity of 32.88% and a net margin of 43.76%.

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.