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

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 412 shares, a growth 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 Price Performance

Shares of EMYB stock opened at $21.47 on Tuesday. Embassy Bancorp has a one year low of $15.40 and a one year high of $21.50. The company has a 50 day moving average price of $20.39 and a 200 day moving average price of $19.46.

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