MakeMyTrip Shares Drop 2.4% Amid New Short Call
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy MMYT?
Source: seekingalpha
- Increased Short Interest: Morpheus Research's announcement of a short position in MakeMyTrip (MMYT) has led to a 2.4% drop in its stock price, indicating growing market concerns about the company's future performance, which could undermine investor confidence.
- Significant Short Interest: With short interest at 9.2%, there is a heightened expectation of downward pressure on MakeMyTrip's stock, prompting investors to reassess their holding strategies in light of potential risks.
- Financial Strain Evident: Although MakeMyTrip reported a non-GAAP EPS of $0.52, beating estimates by $0.10, its revenue of $295.69 million fell short by $10.4 million, highlighting the detrimental impact of high finance costs and tax liabilities on profitability.
- Lackluster Market Response: MakeMyTrip's failure to respond to Seeking Alpha's request for comments may raise questions about its transparency and communication capabilities, potentially affecting investor trust and future stock performance.
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Analyst Views on MMYT
Wall Street analysts forecast MMYT stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 36.370
Low
113.00
Averages
118.00
High
123.00
Current: 36.370
Low
113.00
Averages
118.00
High
123.00
About MMYT
MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages, and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MakeMyTrip Shares Drop 2.4% Amid New Short Call
- Increased Short Interest: Morpheus Research's announcement of a short position in MakeMyTrip (MMYT) has led to a 2.4% drop in its stock price, indicating growing market concerns about the company's future performance, which could undermine investor confidence.
- Significant Short Interest: With short interest at 9.2%, there is a heightened expectation of downward pressure on MakeMyTrip's stock, prompting investors to reassess their holding strategies in light of potential risks.
- Financial Strain Evident: Although MakeMyTrip reported a non-GAAP EPS of $0.52, beating estimates by $0.10, its revenue of $295.69 million fell short by $10.4 million, highlighting the detrimental impact of high finance costs and tax liabilities on profitability.
- Lackluster Market Response: MakeMyTrip's failure to respond to Seeking Alpha's request for comments may raise questions about its transparency and communication capabilities, potentially affecting investor trust and future stock performance.
See More
Trip.com Group Reports Significant Revenue Growth in 2025 Financial Results
- Revenue Growth: Trip.com Group reported net revenue of RMB 15.4 billion (US$2.2 billion) for Q4 2025, a 21% year-over-year increase, indicating strong travel demand despite a 16% quarter-over-quarter decline primarily due to seasonality.
- Accommodation Booking Performance: Q4 accommodation reservation revenue reached RMB 6.3 billion (US$899 million), up 21% year-over-year, accounting for 42% of total revenue, reflecting the company's sustained growth potential in the accommodation market.
- Corporate Travel Revenue: Corporate travel revenue for Q4 2025 was RMB 808 million (US$116 million), a 15% increase year-over-year, demonstrating enhanced market demand among corporate clients, which is expected to further drive long-term growth.
- Board Changes: Trip.com announced changes to its board, with co-founders Min Fan and Qi Ji resigning, while appointing May Yihong Wu and Iris Yang Xiao as new independent directors, aiming to introduce diverse expertise to support the company's future strategy.
See More
MakeMyTrip Partners with OpenAI to Enhance AI Capabilities
- AI Capability Enhancement: MakeMyTrip announced a collaboration with OpenAI to integrate its APIs into the app, aiming to enhance user travel discovery and streamline the transition from inspiration to booking, which is expected to significantly boost user engagement, particularly in Tier-2 and smaller cities.
- Increased User Interaction: The Myra interface processes over 50,000 multilingual conversations daily, indicating MakeMyTrip's leadership in AI-driven travel planning and its improved ability to respond to evolving travel intents.
- Weak Stock Performance: Currently, MMYT shares are trading 9.1% below the 20-day simple moving average and 28.9% below the 100-day average, indicating a bearish trend in the short term, with a 44.15% decline over the past 12 months, nearing its 52-week low.
- Financial Outlook: MakeMyTrip is set to release its financial update on May 13, 2026, with an EPS estimate of 38 cents and revenue forecasted at $278.66 million, despite a high P/E ratio of 109.2, reflecting its premium valuation status.
See More
MakeMyTrip Partners with OpenAI to Enhance AI Travel Discovery
- AI-Driven Travel Planning: MakeMyTrip's collaboration with OpenAI leverages its APIs to introduce new AI features in the app, enabling travelers to seamlessly transition from conversational inspiration to booking, enhancing user experience and strengthening market competitiveness.
- Dynamic Response to Travel Intent: By integrating OpenAI's technology, MakeMyTrip can more flexibly respond to evolving travel demands, providing structured, transaction-ready options across flights, hotels, and ancillary services, driving business growth.
- Multilingual Support with Smart Assistant: MakeMyTrip's GenAI Trip Planning Assistant, Myra, facilitates over 50,000 conversations daily in multiple languages, with significant increases in voice interactions from Tier-2 and smaller cities, broadening its user base.
- Global Expansion and Compliance: Since its inception in 2000, MakeMyTrip has served over 87 million users, expanding its operations to over 150 countries, and entering the UAE and Saudi Arabia in 2021, showcasing its global strategy and compliance capabilities.
See More
MakeMyTrip Partners with OpenAI to Enhance Travel Experience
- AI-Driven Travel Discovery: MakeMyTrip's collaboration with OpenAI integrates APIs that allow users to seamlessly transition from conversational inspiration to booking within the Myra interface, significantly enhancing user experience and strengthening market competitiveness.
- Enhanced Dynamic Response Capability: This integration enables MakeMyTrip to dynamically respond to evolving travel intents, delivering structured, transaction-ready options across flights, hotels, and ancillary services, thereby driving business growth.
- Multilingual Support Expansion: The Myra assistant facilitates over 50,000 conversations daily in multiple languages, with over 45% of queries coming from Tier-2 and smaller cities, highlighting the strategic significance of expanding the user base in underserved markets.
- Global Market Expansion: Since its inception in 2000, MakeMyTrip has served over 87 million users and expanded into the UAE in 2021 and recently Saudi Arabia, further solidifying its position in the global travel market and showcasing strong international capabilities.
See More
MakeMyTrip Reports 73.1% Profit Decline in Q3
- Significant Profit Decline: MakeMyTrip's Q3 profit plummeted by 73.1% to $7.3 million, or $0.07 per share, primarily due to soaring net finance costs that surged to $27.7 million from $4.8 million last year, indicating substantial financial pressure on the company.
- Adjusted Net Profit Improvement: Despite the overall profit decline, adjusted net profit rose to $50.7 million, or $0.52 per share, up $4.7 million from $46.0 million, or $0.39 per share, last year, showcasing enhanced profitability in specific areas of the business.
- Revenue Growth: Q3 revenue increased by 10.6% to $295.7 million, driven by strong travel demand in India for both domestic and international outbound travel, indicating potential market recovery and the company's competitive position in the travel sector.
- Stock Price Volatility: Following the earnings announcement, MakeMyTrip's stock fell 5.65% to $62.60, but slightly rebounded to $62.66 in pre-market trading, reflecting market caution regarding the company's future performance.
See More
MakeMyTrip Shares Drop 2.4% Amid New Short Call
- Increased Short Interest: Morpheus Research's announcement of a short position in MakeMyTrip (MMYT) has led to a 2.4% drop in its stock price, indicating growing market concerns about the company's future performance, which could undermine investor confidence.
- Significant Short Interest: With short interest at 9.2%, there is a heightened expectation of downward pressure on MakeMyTrip's stock, prompting investors to reassess their holding strategies in light of potential risks.
- Financial Strain Evident: Although MakeMyTrip reported a non-GAAP EPS of $0.52, beating estimates by $0.10, its revenue of $295.69 million fell short by $10.4 million, highlighting the detrimental impact of high finance costs and tax liabilities on profitability.
- Lackluster Market Response: MakeMyTrip's failure to respond to Seeking Alpha's request for comments may raise questions about its transparency and communication capabilities, potentially affecting investor trust and future stock performance.
See More
Trip.com Group Reports Significant Revenue Growth in 2025 Financial Results
- Revenue Growth: Trip.com Group reported net revenue of RMB 15.4 billion (US$2.2 billion) for Q4 2025, a 21% year-over-year increase, indicating strong travel demand despite a 16% quarter-over-quarter decline primarily due to seasonality.
- Accommodation Booking Performance: Q4 accommodation reservation revenue reached RMB 6.3 billion (US$899 million), up 21% year-over-year, accounting for 42% of total revenue, reflecting the company's sustained growth potential in the accommodation market.
- Corporate Travel Revenue: Corporate travel revenue for Q4 2025 was RMB 808 million (US$116 million), a 15% increase year-over-year, demonstrating enhanced market demand among corporate clients, which is expected to further drive long-term growth.
- Board Changes: Trip.com announced changes to its board, with co-founders Min Fan and Qi Ji resigning, while appointing May Yihong Wu and Iris Yang Xiao as new independent directors, aiming to introduce diverse expertise to support the company's future strategy.
See More
MakeMyTrip Partners with OpenAI to Enhance AI Capabilities
- AI Capability Enhancement: MakeMyTrip announced a collaboration with OpenAI to integrate its APIs into the app, aiming to enhance user travel discovery and streamline the transition from inspiration to booking, which is expected to significantly boost user engagement, particularly in Tier-2 and smaller cities.
- Increased User Interaction: The Myra interface processes over 50,000 multilingual conversations daily, indicating MakeMyTrip's leadership in AI-driven travel planning and its improved ability to respond to evolving travel intents.
- Weak Stock Performance: Currently, MMYT shares are trading 9.1% below the 20-day simple moving average and 28.9% below the 100-day average, indicating a bearish trend in the short term, with a 44.15% decline over the past 12 months, nearing its 52-week low.
- Financial Outlook: MakeMyTrip is set to release its financial update on May 13, 2026, with an EPS estimate of 38 cents and revenue forecasted at $278.66 million, despite a high P/E ratio of 109.2, reflecting its premium valuation status.
See More
MakeMyTrip Partners with OpenAI to Enhance AI Travel Discovery
- AI-Driven Travel Planning: MakeMyTrip's collaboration with OpenAI leverages its APIs to introduce new AI features in the app, enabling travelers to seamlessly transition from conversational inspiration to booking, enhancing user experience and strengthening market competitiveness.
- Dynamic Response to Travel Intent: By integrating OpenAI's technology, MakeMyTrip can more flexibly respond to evolving travel demands, providing structured, transaction-ready options across flights, hotels, and ancillary services, driving business growth.
- Multilingual Support with Smart Assistant: MakeMyTrip's GenAI Trip Planning Assistant, Myra, facilitates over 50,000 conversations daily in multiple languages, with significant increases in voice interactions from Tier-2 and smaller cities, broadening its user base.
- Global Expansion and Compliance: Since its inception in 2000, MakeMyTrip has served over 87 million users, expanding its operations to over 150 countries, and entering the UAE and Saudi Arabia in 2021, showcasing its global strategy and compliance capabilities.
See More
MakeMyTrip Partners with OpenAI to Enhance Travel Experience
- AI-Driven Travel Discovery: MakeMyTrip's collaboration with OpenAI integrates APIs that allow users to seamlessly transition from conversational inspiration to booking within the Myra interface, significantly enhancing user experience and strengthening market competitiveness.
- Enhanced Dynamic Response Capability: This integration enables MakeMyTrip to dynamically respond to evolving travel intents, delivering structured, transaction-ready options across flights, hotels, and ancillary services, thereby driving business growth.
- Multilingual Support Expansion: The Myra assistant facilitates over 50,000 conversations daily in multiple languages, with over 45% of queries coming from Tier-2 and smaller cities, highlighting the strategic significance of expanding the user base in underserved markets.
- Global Market Expansion: Since its inception in 2000, MakeMyTrip has served over 87 million users and expanded into the UAE in 2021 and recently Saudi Arabia, further solidifying its position in the global travel market and showcasing strong international capabilities.
See More
MakeMyTrip Reports 73.1% Profit Decline in Q3
- Significant Profit Decline: MakeMyTrip's Q3 profit plummeted by 73.1% to $7.3 million, or $0.07 per share, primarily due to soaring net finance costs that surged to $27.7 million from $4.8 million last year, indicating substantial financial pressure on the company.
- Adjusted Net Profit Improvement: Despite the overall profit decline, adjusted net profit rose to $50.7 million, or $0.52 per share, up $4.7 million from $46.0 million, or $0.39 per share, last year, showcasing enhanced profitability in specific areas of the business.
- Revenue Growth: Q3 revenue increased by 10.6% to $295.7 million, driven by strong travel demand in India for both domestic and international outbound travel, indicating potential market recovery and the company's competitive position in the travel sector.
- Stock Price Volatility: Following the earnings announcement, MakeMyTrip's stock fell 5.65% to $62.60, but slightly rebounded to $62.66 in pre-market trading, reflecting market caution regarding the company's future performance.
See More
