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

Destination XL Group, Inc. (NASDAQ:DXLG - Get Free Report) saw 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 trading volume, of 310,900 shares, the short-interest ratio is currently 14.5 days. Currently, 8.8% of the shares of the stock are short sold.

Destination XL Group Price Performance

DXLG stock traded down $0.04 during midday trading on Tuesday, reaching $3.27. 319,487 shares of the stock were exchanged, compared to its average volume of 317,089. Destination XL Group has a 52 week low of $3.18 and a 52 week high of $5.36. The company has a fifty day moving average price of $3.69 and a 200 day moving average price of $4.05. The stock has a market capitalization of $189.63 million, a PE ratio of 7.60 and a beta of 1.30.

Destination XL Group (NASDAQ:DXLG - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The company reported $0.10 earnings per share (EPS) 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 during the quarter.

Wall Street Analyst Weigh In

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

Institutional Trading of Destination XL Group

Several institutional investors have recently modified their holdings of the business. Metropolitan Life Insurance Co NY lifted its holdings 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 buying an additional 1,865 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Destination XL Group in the third quarter worth approximately $26,000. UBS Group AG lifted its stake in shares of Destination XL Group by 245.2% in the third quarter. UBS Group AG now owns 5,920 shares of the company's stock worth $32,000 after acquiring an additional 4,205 shares during the period. Macquarie Group Ltd. bought a new stake in Destination XL Group in the fourth quarter valued at approximately $32,000. Finally, Point72 Middle East FZE acquired a new stake in Destination XL Group during the 4th quarter valued at approximately $40,000. Institutional investors own 73.49% of the company's stock.

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.

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