T-shirt maker Gildan plunges on short seller’s revenue claim

Gildan, a major T-shirt manufacturer, saw its stock take a significant dive following allegations from a well-known short seller questioning the company's reported revenue figures. This marks the second time in a year that the same short seller has targeted Canadian corporate accounting practices, raising concerns about transparency and financial reporting. The controversy underscores broader issues in corporate governance and investor trust, highlighting the impact such claims can have on market stability and investor confidence.