Short Interest in Embassy Bancorp, Inc. (OTCMKTS:EMYB) Decreases By 99.3%

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1 shares, a decline of 99.3% from the June 30th total of 141 shares. Based on an average daily volume of 3,439 shares, the days-to-cover ratio is currently 0.0 days.

Embassy Bancorp Stock Performance

OTCMKTS:EMYB remained flat at $22.55 during midday trading on Friday. The company had a trading volume of 6,600 shares, compared to its average volume of 5,968. The firm has a 50-day moving average price of $21.45 and a two-hundred day moving average price of $20.21. Embassy Bancorp has a one year low of $15.50 and a one year high of $22.75.

Embassy Bancorp declared that its board has approved a stock repurchase program on Monday, June 1st that permits the company to buyback $5.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign 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.