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

Embassy Bancorp, Inc. (OTCMKTS:EMYB) saw a large increase in short interest during the month of 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 presently 0.0 days.

Embassy Bancorp Price Performance

Shares of EMYB remained flat at $21.55 during midday trading on Friday. 6,819 shares of the company’s stock traded hands, compared to its average volume of 5,717. The firm has a 50 day simple moving average of $21.04 and a 200 day simple moving average of $19.94. Embassy Bancorp has a twelve month low of $15.50 and a twelve month high of $21.97.

Embassy Bancorp announced that its board has approved a share repurchase program on Monday, June 1st that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management 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.