Destination XL Group, Inc. (NASDAQ:DXLG) Short Interest Update


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Destination XL Group, Inc. (NASDAQ:DXLG) was the target of a large growth in short interest in October. As of October 30th, there was short interest totalling 1,630,000 shares, a growth of 13.2% from the October 15th total of 1,440,000 shares. Based on an average daily volume of 3,860,000 shares, the short-interest ratio is currently 0.4 days. Currently, 3.8% of the company’s stock are sold short.

A hedge fund recently bought a new stake in Destination XL Group stock. Jane Street Group LLC purchased a new stake in Destination XL Group, Inc. (NASDAQ:DXLG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 47,766 shares of the specialty retailer’s stock, valued at approximately $31,000. Jane Street Group LLC owned 0.09% of Destination XL Group at the end of the most recent reporting period. 39.25% of the stock is owned by institutional investors and hedge funds.

Shares of DXLG traded down $0.07 on Friday, hitting $0.31. The company’s stock had a trading volume of 6,123,989 shares, compared to its average volume of 2,117,257. The firm’s fifty day moving average price is $0.29 and its 200-day moving average price is $0.38. Destination XL Group has a fifty-two week low of $0.22 and a fifty-two week high of $1.51. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $16.10 million, a price-to-earnings ratio of -0.28 and a beta of 1.74.

Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Friday, November 20th. The specialty retailer reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.07). Destination XL Group had a negative net margin of 15.40% and a negative return on equity of 80.34%.

About Destination XL Group

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.

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