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

Destination XL Group, Inc. (NASDAQ:DXLGGet Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,280,000 shares, an increase of 6.7% from the February 29th total of 4,010,000 shares. Based on an average trading volume of 331,000 shares, the short-interest ratio is currently 12.9 days. Approximately 8.4% of the company’s shares are short sold.

Analysts Set New Price Targets

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

View Our Latest Analysis on DXLG

Insiders Place Their Bets

In other Destination XL Group news, General Counsel Robert S. Molloy sold 20,000 shares of the firm’s stock in a transaction 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 sale, the general counsel now owns 240,409 shares of the company’s stock, valued at approximately $964,040.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Destination XL Group

Large investors have recently modified their holdings of the stock. 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 valued at $25,000 after purchasing an additional 1,865 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Destination XL Group during the 3rd quarter valued at about $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 valued at $32,000 after acquiring an additional 4,205 shares during the period. Macquarie Group Ltd. purchased a new position in Destination XL Group during the 4th quarter valued at about $32,000. Finally, Point72 Middle East FZE purchased a new position in Destination XL Group during the 4th quarter valued at about $40,000. Institutional investors own 73.49% of the company’s stock.

Destination XL Group Trading Down 0.9 %

Shares of DXLG opened at $3.44 on Thursday. The firm’s 50-day moving average price is $3.83 and its 200-day moving average price is $4.11. The firm has a market capitalization of $199.49 million, a price-to-earnings ratio of 8.00 and a beta of 1.30. Destination XL Group has a 1-year low of $3.23 and a 1-year high of $5.76.

About Destination XL Group

(Get Free Report)

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.

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