Gildan Activewear short seller report
Analysis based on 9 articles · First reported Jul 12, 2026 · Last updated Jul 22, 2026
Gildan's stock price dropped 18.7% on the NYSE following the short seller report, erasing significant market value. The ongoing investigation and potential class action lawsuit may further pressure the stock and increase legal costs for the company.
On June 16, 2026, Investing.com published an article reporting that Gildan shares fell 18.7% after Jehoshaphat Research released a short seller report questioning the company's organic growth and sales practices. The research firm claimed that Gildan's organic growth has been negative for years and that the company used financial engineering to obscure the decline. Following the stock drop, Rosen Law Firm announced it is investigating potential securities claims on behalf of Gildan shareholders and preparing a class action lawsuit. The law firm alleges that Gildan may have issued materially misleading business information to the investing public.
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