Jet Airways shares see uptick in Security Lending and Borrowing segment

Experts say traders who have borrowed shares to short stock could be hit from upmove

The debt-resolution plan proposed by the lenders of Jet Airways could lift the share price of the beleaguered airlines, but the traders who had borrowed shares to short the stock could find themselves on the wrong-end of the upmove.  

Data collated by Edelweiss shows that shares of Jet Airways have been among the most active counters in the security lending and borrowing (SLB) segment in recent days. Data on NSE shows the scrip has seen more than 73,000 shares being transacted in the SLB segment in the past four trading sessions.  

However, these transactions have taken place at higher yields