Short Interest Update on Gildan Activewear (GIL)

Gildan Activewear (GIL) has 3,629,037 shares of shorts outstanding as on August 15, 2016, with 9 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,712,009 shares. The stock has a decent trading volume of 382,890 shares daily. The marginal decrease in the short positions is by -2.2%, which amounts to -82,972 shares. Short positions are 1.6% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Gildan Activewear (NYSE:GIL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.99 and $29.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.09, notching a gain of 0.27% for the day. The total traded volume was 157,466 . The stock had closed at $30.01 on the previous day.


Gildan Activewear Inc. (Gildan) supplies branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands, including the Gildan, Gold Toe, Anvil brands and brand extensions, Secret, Silks, Therapy Plus and Kushyfoo, as well as under licensing arrangements for the Under Armour, Mossy Oak and New Balance brands. It operates in two segments, Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States, Canada, Europe, and the Asia-Pacific region.

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