Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 2,970,000 shares, a growth of 15.1% from the January 15th total of 2,580,000 shares. Based on an average daily volume of 846,500 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.5% of the company’s shares are short sold.
A number of hedge funds have recently added to or reduced their stakes in the business. Quest Capital Management Inc. ADV purchased a new stake in shares of Gildan Activewear during the third quarter worth $98,000. Bartlett & Co. LLC increased its position in Gildan Activewear by 77.5% in the 3rd quarter. Bartlett & Co. LLC now owns 3,905 shares of the textile maker’s stock worth $139,000 after purchasing an additional 1,705 shares during the last quarter. Quantum Capital Management acquired a new position in Gildan Activewear in the 3rd quarter worth about $143,000. Atlas Capital Advisors LLC purchased a new stake in shares of Gildan Activewear during the 3rd quarter worth about $171,000. Finally, Atria Investments LLC purchased a new stake in shares of Gildan Activewear during the 4th quarter worth about $235,000. Institutional investors own 69.46% of the company’s stock.
Gildan Activewear stock traded down $0.24 during trading hours on Friday, hitting $27.82. The company had a trading volume of 439,700 shares, compared to its average volume of 666,958. The firm has a market capitalization of $5.60 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.67 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.18 and a quick ratio of 1.61. The firm’s fifty day moving average is $29.09 and its 200-day moving average is $31.60. Gildan Activewear has a fifty-two week low of $23.45 and a fifty-two week high of $40.40.
Gildan Activewear Company Profile
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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