Is Buying Makemytrip Limited – Ordinary Shares (NASDAQ:MMYT) Here Good Idea?

March 21, 2018 - By Louis Casey

 Is Buying Makemytrip Limited   Ordinary Shares (NASDAQ:MMYT) Here Good Idea?

The stock of Makemytrip Limited – Ordinary Shares (NASDAQ:MMYT) registered a decrease of 0.82% in short interest. MMYT’s total short interest was 3.10M shares in March as published by FINRA. Its down 0.82% from 3.13M shares, reported previously. With 228,800 shares average volume, it will take short sellers 14 days to cover their MMYT’s short positions. The short interest to Makemytrip Limited – Ordinary Shares’s float is 7.33%.

The stock increased 2.03% or $0.7 during the last trading session, reaching $35.2. About 130,191 shares traded. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since March 21, 2017 and is uptrending. It has outperformed by 94.97% the S&P500.

MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally. The company has market cap of $3.56 billion. MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, the Netherlands, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Hong Kong, and Bangladesh. It currently has negative earnings. It operates through two divisions, Air Ticketing, and Hotels and Packages.

MakeMyTrip Limited (NASDAQ:MMYT) Ratings Coverage

Among 5 analysts covering MakeMyTrip (NASDAQ:MMYT), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. MakeMyTrip has $36 highest and $16 lowest target. $29.43’s average target is -16.39% below currents $35.2 stock price. MakeMyTrip had 13 analyst reports since August 12, 2015 according to SRatingsIntel. As per Friday, October 13, the company rating was maintained by Jefferies. Jefferies maintained the shares of MMYT in report on Friday, February 9 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Thursday, November 2. The rating was upgraded by Nomura on Friday, June 3 to “Neutral”. Jefferies downgraded MakeMyTrip Limited (NASDAQ:MMYT) on Thursday, August 10 to “Hold” rating. As per Friday, October 30, the company rating was downgraded by Deutsche Bank. The firm earned “Reduce” rating on Tuesday, February 23 by Nomura. The rating was upgraded by J.P. Morgan to “Buy” on Tuesday, February 27.

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