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

Capital Properties Inc. (OTCMKTS:CPTP) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 689 shares, a growth of 315.1% from the April 15th total of 166 shares. Based on an average daily volume of 790 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are sold short.

Capital Properties Stock Performance

OTCMKTS CPTP remained flat at $13.51 during trading on Friday. 132 shares of the company’s stock traded hands, compared to its average volume of 234. Capital Properties has a 1-year low of $9.70 and a 1-year high of $15.95. The firm has a market capitalization of $89.17 million, a P/E ratio of 61.41 and a beta of 0.33. The stock has a 50 day simple moving average of $14.14 and a two-hundred day simple moving average of $13.09.

Capital Properties (OTCMKTS:CPTP) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $1.47 million during the quarter.

Capital Properties Company Profile

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.