Short Interest in Embassy Bancorp, Inc. (OTCMKTS:EMYB) Expands By 14,000.0%

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 141 shares, an increase of 14,000.0% from the June 15th total of 1 shares. Based on an average daily volume of 3,074 shares, the days-to-cover ratio is currently 0.0 days.

Embassy Bancorp Stock Performance

OTCMKTS:EMYB remained flat at $21.55 during trading hours on Friday. The stock has a fifty day moving average of $21.08 and a 200-day moving average of $19.95. Embassy Bancorp has a one year low of $15.50 and a one year high of $21.97.

Embassy Bancorp declared that its Board of Directors has initiated a stock repurchase plan on Monday, June 1st that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership 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.