Embassy Bancorp, Inc. (OTCMKTS:EMYB) Short Interest Up ∞ in August

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 5 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 17,021 shares, the short-interest ratio is presently 0.0 days.

Embassy Bancorp Price Performance

OTCMKTS EMYB opened at $22.19 on Tuesday. The stock’s 50 day moving average is $22.29 and its two-hundred day moving average is $21.09. Embassy Bancorp has a 1-year low of $17.07 and a 1-year high of $22.75.

Embassy Bancorp declared that its Board of Directors has initiated a share buyback program on Monday, June 1st that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication 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.