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

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the recipient of 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 short-interest ratio is currently 0.0 days.

Embassy Bancorp Stock Down 0.7%

Shares of Embassy Bancorp stock traded down $0.15 on Friday, hitting $21.70. 100 shares of the company’s stock traded hands, compared to its average volume of 6,114. Embassy Bancorp has a one year low of $15.40 and a one year high of $21.97. The company has a fifty day moving average of $20.72 and a two-hundred day moving average of $19.69.

Embassy Bancorp declared that its Board of Directors has initiated a stock buyback plan on Monday, June 1st that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board 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.