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

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

Capital Properties Stock Performance

CPTP stock remained flat at $14.75 during midday trading on Friday. The company had a trading volume of 10 shares, compared to its average volume of 88. The stock’s fifty day moving average is $14.45 and its 200-day moving average is $13.49. The stock has a market capitalization of $97.35 million, a PE ratio of 47.58 and a beta of 0.32. Capital Properties has a 52-week low of $10.00 and a 52-week high of $15.95.

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

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.