Short Interest in Destination XL Group, Inc. (NASDAQ:DXLG) Expands By 5.4%

Destination XL Group, Inc. (NASDAQ:DXLG) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 4,510,000 shares, an increase of 5.4% from the March 15th total of 4,280,000 shares. Based on an average daily volume of 310,900 shares, the short-interest ratio is presently 14.5 days. Currently, 8.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DXLG. Metropolitan Life Insurance Co NY boosted its stake in shares of Destination XL Group by 101.6% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,701 shares of the company’s stock worth $25,000 after acquiring an additional 1,865 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Destination XL Group during the 3rd quarter worth about $26,000. UBS Group AG boosted its stake in shares of Destination XL Group by 245.2% during the 3rd quarter. UBS Group AG now owns 5,920 shares of the company’s stock worth $32,000 after acquiring an additional 4,205 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Destination XL Group during the 4th quarter worth about $32,000. Finally, Point72 Middle East FZE bought a new stake in shares of Destination XL Group during the 4th quarter worth about $40,000. 73.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Destination XL Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th.

Destination XL Group Price Performance

Shares of DXLG stock opened at $3.21 on Thursday. Destination XL Group has a fifty-two week low of $3.18 and a fifty-two week high of $5.36. The stock’s 50-day moving average is $3.67 and its two-hundred day moving average is $4.04. The firm has a market cap of $186.15 million, a P/E ratio of 7.47 and a beta of 1.30.

Destination XL Group (NASDAQ:DXLG) last issued its earnings results on Thursday, March 21st. The company reported $0.10 earnings per share for the quarter. Destination XL Group had a return on equity of 21.84% and a net margin of 5.34%. The company had revenue of $137.14 million for the quarter.

Destination XL Group Company Profile

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States. The company's stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.