Yes Bank Sees Surge in Open Interest Amidst Increased Trading Activity

Yes Bank Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 60,388 contracts, marking a rise of 7,493 contracts or 14.17% from the previous open interest of 52,895. This surge coincides with a trading volume of 25,435 contracts, indicating robust engagement in the market.
In terms of performance, Yes Bank has outperformed its sector by 0.26%, despite facing a consecutive decline over the past two days, resulting in a total drop of 3.84% during this period. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging short-term trend.

Additionally, the stock has shown a notable increase in delivery volume, with 9.47 crore shares traded on August 26, reflecting a 142.19% rise compared to the 5-day average delivery volume. With a market capitalization of Rs 59,320 crore, Yes Bank remains a mid-cap player in the private sector banking industry. Overall, the increase in open interest highlights a notable shift in trading dynamics for Yes Bank, amidst its recent performance challenges.