Embassy Bancorp, Inc. (OTCMKTS:EMYB) Sees Significant Growth in Short Interest

Embassy Bancorp, Inc. (OTCMKTS:EMYB) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 141 shares, an increase of 14,000.0% from the June 15th total of 1 shares. Based on an average trading volume of 3,074 shares, the short-interest ratio is currently 0.0 days.

Embassy Bancorp Price Performance

EMYB stock remained flat at $21.55 during midday trading on Friday. The company’s stock had a trading volume of 6,819 shares, compared to its average volume of 5,717. Embassy Bancorp has a fifty-two week low of $15.50 and a fifty-two week high of $21.97. The stock’s 50-day simple moving average is $21.04 and its 200 day simple moving average is $19.94.

Embassy Bancorp declared that its Board of Directors has approved a share buyback program on Monday, June 1st that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

About Embassy Bancorp

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.