Embassy Bancorp, Inc. (OTCMKTS:EMYB – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1 shares, a decrease of 99.3% from the June 30th total of 141 shares. Based on an average daily trading volume, of 3,439 shares, the days-to-cover ratio is currently 0.0 days.
Embassy Bancorp Price Performance
EMYB remained flat at $22.55 during trading hours on Friday. The company had a trading volume of 6,600 shares, compared to its average volume of 5,968. The company’s 50-day moving average price is $21.45 and its 200-day moving average price is $20.21. Embassy Bancorp has a one year low of $15.50 and a one year high of $22.75.
Embassy Bancorp announced that its board has authorized a stock repurchase program on Monday, June 1st that allows the company to buyback $5.00 million in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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.
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