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

Embassy Bancorp, Inc. (OTCMKTS:EMYB) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 412 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily trading volume, of 6,118 shares, the days-to-cover ratio is currently 0.1 days.

Embassy Bancorp Stock Down 0.1%

OTCMKTS:EMYB opened at $21.47 on Friday. The business’s 50-day moving average price is $20.35 and its 200 day moving average price is $19.42. Embassy Bancorp has a 52-week low of $15.40 and a 52-week high of $21.50.

Embassy Bancorp declared that its Board of Directors has initiated a stock buyback program 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 buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors 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.