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The overweight rating came into existence after the internet bubble burst in the early 2000s. To buy to cover is to close out a short position in a stock. This is covering one's short position in that stock.
CLAUDINE AUGER FRENCH ON COVER 1968 RARE EXYU MAGAZINE eBay
In this strategy, an investor sells a stock or security with the intent of buying the stock or security back at a later date. Your cost basis in these 100 shares is $50 a share, for a total of $5,000. This type of transaction is referred to as buy to cover. Buying shares by itself does not trigger any taxes.
