Embassy Bancorp, Inc. (OTCMKTS:EMYB) Short Interest Update

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

Embassy Bancorp Stock Performance

Embassy Bancorp stock opened at $22.55 on Friday. The firm has a 50 day moving average price of $21.49 and a 200 day moving average price of $20.23. Embassy Bancorp has a fifty-two week low of $15.50 and a fifty-two week 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 purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is 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.