Japan's Most-Shorted Stock Is Facing Rough Seas, Again
- Hedge fund voted against Kawasaki Kisen president last year
- Fund has added to holdings before June 23 shareholder meeting
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The most-shorted stock on Japan’s Nikkei 225 Stock Average, a shipping line, is facing rough seas again.
As Kawasaki Kisen Kaisha Ltd.’s annual shareholder meeting approaches on June 23, attention is focusing on whether its president and chief executive officer, Eizo Murakami, will win reelection. That’s partly because the company’s largest shareholder, Effissimo Capital Management Pte, has increased its stake since voting against Murakami’s reappointment last year.