Short Interest in Capital Properties Inc. (OTCMKTS:CPTP) Declines By 44.6%

Capital Properties Inc. (OTCMKTS:CPTP) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 382 shares, a decrease of 44.6% from the April 30th total of 689 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 60 shares, the days-to-cover ratio is presently 6.4 days.

Capital Properties Stock Performance

Shares of CPTP stock opened at $14.75 on Tuesday. The company has a market capitalization of $97.35 million, a PE ratio of 47.58 and a beta of 0.32. The firm has a fifty day simple moving average of $14.30 and a 200-day simple moving average of $13.31. Capital Properties has a twelve month low of $9.92 and a twelve month high of $15.95.

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