Key facts
- Gildan Activewear shares experienced a significant drop.
- Short seller Jehoshaphat Research accused Gildan of inflating revenue.
- The stock's decline is the largest since 2019.
Shares of apparel maker Gildan Activewear experienced a significant decline, marking their largest tumble since 2019. The drop followed accusations by short seller Jehoshaphat Research, which alleged that the company had inflated its revenue. The market's reaction underscores investor sensitivity to financial reporting integrity and short seller reports.