Gildan share price drops more than 20 per cent on short seller growth accusations

Signage is seen at Gildan Activewear Inc.'s annual meeting in Montreal, Tuesday, May 28, 2024. THE CANADIAN PRESS/Christinne Muschi

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Gildan Activewear Inc.'s share price fell as much as 25 per cent after a short seller alleged the company obscured negative organic growth.

The Montreal-based clothing maker's share price dropped throughout the morning and afternoon before closing out the trading day down almost 19 per cent to $70.39.

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