Embassy Bancorp, Inc. (OTCMKTS:EMYB – Get Free Report) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 141 shares, a growth of 14,000.0% from the June 15th total of 1 shares. Based on an average daily volume of 3,074 shares, the short-interest ratio is currently 0.0 days.
Embassy Bancorp Price Performance
Shares of OTCMKTS:EMYB remained flat at $21.55 during midday trading on Friday. The stock’s 50-day simple moving average is $21.08 and its two-hundred day simple moving average is $19.95. Embassy Bancorp has a fifty-two week low of $15.50 and a fifty-two week high of $21.97.
Embassy Bancorp announced that its Board of Directors has approved a share repurchase program on Monday, June 1st that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs 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.
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