Capital Properties Inc. (OTCMKTS:CPTP) Short Interest Down 67.2% in March

Capital Properties Inc. (OTCMKTS:CPTP) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 244 shares, a drop of 67.2% from the February 26th total of 744 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,490 shares, the short-interest ratio is currently 0.2 days.

Capital Properties Price Performance

Capital Properties stock remained flat at $13.50 during midday trading on Thursday. The business’s 50 day simple moving average is $13.41 and its 200-day simple moving average is $12.30. Capital Properties has a twelve month low of $8.89 and a twelve month high of $14.00. The company has a market cap of $89.10 million, a PE ratio of 61.36 and a beta of 0.31.

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.