Destination XL Group, Inc. (NASDAQ:DXLG) Short Interest Up 6.7% in March

Destination XL Group, Inc. (NASDAQ:DXLG - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,280,000 shares, a growth of 6.7% from the February 29th total of 4,010,000 shares. Based on an average daily trading volume, of 331,000 shares, the days-to-cover ratio is presently 12.9 days. Currently, 8.4% of the shares of the company are short sold.

Destination XL Group Trading Down 2.3 %

Shares of DXLG traded down $0.08 during trading hours on Tuesday, reaching $3.47. 252,136 shares of the stock traded hands, compared to its average volume of 328,377. Destination XL Group has a 52-week low of $3.23 and a 52-week high of $5.76. The company has a market cap of $201.23 million, a P/E ratio of 8.16 and a beta of 1.30. The company's 50-day moving average price is $3.86 and its two-hundred day moving average price is $4.12.

Insider Activity at Destination XL Group

In other Destination XL Group news, General Counsel Robert S. Molloy sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $4.01, for a total value of $80,200.00. Following the transaction, the general counsel now directly owns 240,409 shares in the company, valued at $964,040.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Destination XL Group

Several large investors have recently made changes to their positions in DXLG. ExodusPoint Capital Management LP purchased a new position in Destination XL Group in the 2nd quarter worth approximately $404,000. Diversified Trust Co bought a new stake in shares of Destination XL Group during the fourth quarter valued at approximately $69,000. PEAK6 Investments LLC lifted its holdings in shares of Destination XL Group by 95.6% in the second quarter. PEAK6 Investments LLC now owns 293,458 shares of the company's stock worth $1,438,000 after buying an additional 143,459 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Destination XL Group during the third quarter worth $148,000. Finally, WINTON GROUP Ltd grew its stake in Destination XL Group by 34.7% during the third quarter. WINTON GROUP Ltd now owns 55,208 shares of the company's stock valued at $247,000 after acquiring an additional 14,210 shares in the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Destination XL Group from a "hold" rating to a "buy" rating in a report on Wednesday, March 20th.

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 and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.