Canadian sports apparel company Gildan Activewear (GIL) has seen a mind-blowing rally in the last 12 months, with shares rocketing 241%. But that hasn't stopped the short-sellers from taking stakes against shares; the company's short interest ratio currently sits at 17.9.
Gildan is one of the biggest apparel producers in North America. The company's extremely low-cost structure and deep business relationships with mega retailers such as Wal-Mart (WMT) and Target (TGT) give it significant advantages as it competes for hard-earned consumer dollars in the retail marketplace. As the company reaches out into more premium branding, it could see margins improve as a result.
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