Embassy Bancorp, Inc. (OTCMKTS:EMYB) Short Interest Down 99.8% in June

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1 shares, a decline of 99.8% from the May 31st total of 412 shares. Based on an average daily trading volume, of 6,555 shares, the short-interest ratio is currently 0.0 days.

Embassy Bancorp Trading Up 0.5%

Shares of EMYB stock traded up $0.12 on Thursday, hitting $21.97. The company had a trading volume of 4,062 shares, compared to its average volume of 6,115. Embassy Bancorp has a twelve month low of $15.40 and a twelve month high of $21.97. The stock’s 50-day moving average is $20.67 and its two-hundred day moving average is $19.66.

Embassy Bancorp announced that its Board of Directors has approved a stock buyback plan on Monday, June 1st that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is 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.