OFSS, ICICI Lombard General Insurance among 4 stocks with short covering – What is short covering?

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What is short covering?

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Wednesday’s trading session, four stocks saw top short covering. Here’s the list:

ANI

Balrampur Chini Mills
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OI change on June 19: -5.8%

Change in stock price: 2.02%

ETMarkets.com

Sun TV
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OI change on June 19: -4.4%

Change in stock price: 1.31%

ETMarkets.com

OFSS
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OI change on June 19: -1.73%

Change in stock price: 1.85%

ETMarkets.com

ICICI Lombard General Insurance
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ICICI Lombard General Insurance

OI change on June 19: -1.27%

Change in stock price: 0.49%

ETMarkets.com

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