Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 2,970,000 shares, an increase of 15.1% from the January 15th total of 2,580,000 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 846,500 shares, the days-to-cover ratio is currently 3.5 days.
Large investors have recently added to or reduced their stakes in the business. Quest Capital Management Inc. ADV bought a new stake in shares of Gildan Activewear during the third quarter worth $98,000. Bartlett & Co. LLC increased its stake in shares of Gildan Activewear by 77.5% in the third quarter. Bartlett & Co. LLC now owns 3,905 shares of the textile maker’s stock valued at $139,000 after buying an additional 1,705 shares in the last quarter. Quantum Capital Management acquired a new stake in shares of Gildan Activewear in the third quarter valued at $143,000. Atlas Capital Advisors LLC bought a new position in shares of Gildan Activewear in the third quarter valued at about $171,000. Finally, Atria Investments LLC bought a new position in shares of Gildan Activewear in the fourth quarter valued at about $235,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.
GIL stock traded down $0.24 during trading on Friday, hitting $27.82. 439,700 shares of the stock traded hands, compared to its average volume of 666,958. Gildan Activewear has a one year low of $23.45 and a one year high of $40.40. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 1.67 and a beta of 0.88. The company has a 50 day simple moving average of $29.09 and a 200 day simple moving average of $31.60. The company has a current ratio of 4.18, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50.
About Gildan Activewear
Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.
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