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

Capital Properties Inc. (OTCMKTS:CPTP) was the target 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,490 shares, the short-interest ratio is presently 0.2 days.

Capital Properties Stock Performance

Shares of CPTP stock remained flat at $13.50 during mid-day trading on Friday. Capital Properties has a 12-month low of $8.89 and a 12-month high of $14.00. The company has a market capitalization of $89.10 million, a PE ratio of 61.36 and a beta of 0.31. The firm has a 50-day moving average price of $13.42 and a 200-day moving average price of $12.31.

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.