Seiko Epson Bears Get Active Ahead of Nikkei Inclusion: Chart

(Bloomberg) -- Seiko Epson Corp. has climbed more than 20 percent since mid-June when reports that analysts expect it to replace Toshiba Corp. in Nikkei 225 Stock Average first surfaced. The rise in share price, however, has been accompanied by short sellers’ increased interest in the stock. Seiko’s index inclusion excitement is likely to “significantly cool” after it takes effect at the market open on Tuesday, said Norihiro Fujito, a senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities Co.

To contact the reporters on this story: Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.net, Min Jeong Lee in Tokyo at mlee754@bloomberg.net.

To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, Jake Ulick