Embassy Bancorp, Inc. (OTCMKTS:EMYB) Short Interest Down 99.8% in June

Embassy Bancorp, Inc. (OTCMKTS:EMYB) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1 shares, a drop of 99.8% from the May 31st total of 412 shares. Based on an average trading volume of 6,555 shares, the days-to-cover ratio is currently 0.0 days.

Embassy Bancorp Price Performance

EMYB traded up $0.12 on Thursday, reaching $21.97. The stock had a trading volume of 4,062 shares, compared to its average volume of 6,115. Embassy Bancorp has a fifty-two week low of $15.40 and a fifty-two week high of $21.97. The firm has a 50-day moving average of $20.67 and a 200-day moving average of $19.66.

Embassy Bancorp announced that its Board of Directors has approved a share buyback plan on Monday, June 1st that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management 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.