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

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the recipient of a significant growth in short interest in 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 trading volume of 6,118 shares, the days-to-cover ratio is presently 0.1 days.

Embassy Bancorp Stock Performance

EMYB stock opened at $21.47 on Friday. The stock’s fifty day simple moving average is $20.35 and its 200-day simple moving average is $19.42. Embassy Bancorp has a 52-week low of $15.40 and a 52-week high of $21.50.

Embassy Bancorp announced that its Board of Directors has authorized a stock buyback plan on Monday, June 1st that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership 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.