Short covering financial definition of Short covering
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What's more, the equity has climbed above peak call open interest at the 45 strike during the past several sessions and could benefit from an added boost from short covering
, as roughly eight percent of the security's float has been sold short.
Again, short covering
is unlikely to help prop up the price of MMM.
It looks like the reason behind the jump is a classic case of short covering
The high short interest on these stocks makes them attractive due to the potential for short covering
to exacerbate the magnitude of their rallies.