Embassy Bancorp, Inc. (OTCMKTS:EMYB – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 5 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 17,021 shares, the short-interest ratio is currently 0.0 days.
Embassy Bancorp Price Performance
Shares of Embassy Bancorp stock remained flat at $22.19 during trading hours on Wednesday. The stock had a trading volume of 16,850 shares, compared to its average volume of 5,857. Embassy Bancorp has a 12 month low of $17.07 and a 12 month high of $22.75. The stock has a fifty day moving average of $22.30 and a 200 day moving average of $21.11.
Embassy Bancorp declared that its board has approved a stock buyback program on Monday, June 1st that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is 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.
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