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

Destination XL Group, Inc. (NASDAQ:DXLG) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 4,510,000 shares, a growth 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. Approximately 8.8% of the company’s shares are short sold.

Destination XL Group Price Performance

NASDAQ DXLG opened at $3.21 on Thursday. The firm has a market capitalization of $186.15 million, a P/E ratio of 7.47 and a beta of 1.30. Destination XL Group has a 1-year low of $3.18 and a 1-year high of $5.36. The business’s 50-day simple moving average is $3.67 and its 200-day simple moving average is $4.04.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Destination XL Group

Several hedge funds and other institutional investors have recently bought and sold shares of DXLG. Metropolitan Life Insurance Co NY lifted its position in 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 acquired a new position in Destination XL Group during the 3rd quarter worth approximately $26,000. UBS Group AG lifted its position in 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. acquired a new position in Destination XL Group during the 4th quarter worth approximately $32,000. Finally, Point72 Middle East FZE acquired a new position in Destination XL Group during the 4th quarter worth approximately $40,000. 73.49% of the stock is owned by institutional investors and hedge funds.

About Destination XL Group

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.