Embassy Bancorp, Inc. (OTCMKTS:EMYB) Short Interest Down 99.3% in July

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

Embassy Bancorp Price Performance

Shares of OTCMKTS:EMYB opened at $22.55 on Friday. The company’s 50 day moving average is $21.49 and its two-hundred day moving average is $20.23. Embassy Bancorp has a 52 week low of $15.50 and a 52 week high of $22.75.

Embassy Bancorp announced that its Board of Directors has initiated a share buyback program on Monday, June 1st that allows the company to buyback $5.00 million in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors 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.