Short Interest in Embassy Bancorp, Inc. (OTCMKTS:EMYB) Rises By ∞

Embassy Bancorp, Inc. (OTCMKTS:EMYB) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 412 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 6,118 shares, the short-interest ratio is presently 0.1 days.

Embassy Bancorp Stock Performance

EMYB remained flat at $21.47 on Monday. 19,682 shares of the company traded hands, compared to its average volume of 6,568. The stock’s 50 day simple moving average is $20.35 and its 200 day simple moving average is $19.43. Embassy Bancorp has a 52 week low of $15.40 and a 52 week high of $21.50.

Embassy Bancorp declared that its Board of Directors has authorized a stock buyback plan on Monday, June 1st that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board 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.