Why Gildan Activewear Stock Tumbled by 11% This Week

A short-seller made no bones about the flaws it sees in Gildan Activewear's (NYSE: GIL) business. That investor published a scathing report about the company's performance and conduct on Tuesday, setting a very bearish tone for the remainder of the short trading week.Ultimately, according to data compiled by S&P Global Market Intelligence, Gildan's stock traded down by 11% as a result. That firm, Jehoshaphat Research, disclosed on Tuesday that it holds a 4% short position in Gildan's total float. In a 60-page document, the firm laid out in great detail its argument that the apparel conglomerate's equity was set for a fall. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool