Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Friday's trading session, five stocks saw short covering. Here's the list:
Agencies
2/6
Metropolis Healthcare
OI change on November 1: -12.56% Change in stock price: 0.05%
ETMarkets.com
3/6
Grasim
OI change on November 1: -9.22% Change in stock price: 0.05%
ETMarkets.com
4/6
IRCTC
OI change on November 1: -6.11% Change in stock price: 0.03%
ETMarkets.com
5/6
REC
OI change on November 1: -5.2% Change in stock price: 0.03%
ETMarkets.com
6/6
GAIL
OI change on November 1: -4.39% Change in stock price: 0.06%