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 Monday's trading session, five stocks saw short covering. Here's the list:
ANI
2/6
Persistent Systems
OI change on November 11: -2.43%Change in stock price: 0.48%
ETMarkets.com
3/6
Indigo
OI change on November 11: -0.78%Change in stock price: 0.17%
TOI.in
4/6
Birlasoft
OI change on November 11: -0.76%Change in stock price: 0.27%
ETMarkets.com
5/6
Container Corporation of India
OI change on November 11: -0.34%Change in stock price: 0.17%
ETMarkets.com
6/6
BHEL
OI change on November 11: -0.27%Change in stock price: 0.29%
