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

Capital Properties Inc. (OTCMKTS:CPTP) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 344 shares, an increase of 162.6% from the January 29th total of 131 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,713 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 3,713 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Capital Properties Stock Performance

Shares of CPTP stock opened at $13.49 on Friday. The company has a market capitalization of $89.03 million, a price-to-earnings ratio of 61.32 and a beta of 0.31. Capital Properties has a one year low of $8.89 and a one year high of $14.00. The company’s 50-day moving average is $13.11 and its 200 day moving average is $11.98.

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.