Embassy Bancorp, Inc. (OTCMKTS:EMYB) Short Interest Update

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1 shares, a decrease of 99.8% from the May 31st total of 412 shares. Based on an average daily trading volume, of 6,555 shares, the short-interest ratio is presently 0.0 days.

Embassy Bancorp Stock Performance

Shares of OTCMKTS EMYB traded down $0.27 during midday trading on Friday, reaching $21.70. 100 shares of the company were exchanged, compared to its average volume of 6,030. Embassy Bancorp has a 1 year low of $15.40 and a 1 year high of $21.97. The stock has a fifty day simple moving average of $20.75 and a 200 day simple moving average of $19.71.

Embassy Bancorp announced that its board has approved a stock buyback plan on Monday, June 1st that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Embassy Bancorp Company Profile

Embassy Bancorp, Inc operates as the bank holding company for the Embassy Bank for the Lehigh Valley that provides traditional banking and related financial services to individual, business, and government customers in Pennsylvania. The company offers demand deposits, savings, money market, time deposits, individual retirement, and NOW accounts; and certificates of deposit. It provides loans, such as secured fixed and variable rate loans; commercial lending; consumer lending, including mortgage loans, first time home buyer mortgages, secured home equity loans, lines of credit; residential mortgage loans; and commercial mortgage/construction loans.