MakeMyTrip Limited – Ordinary S (NASDAQ:MMYT) Drops in Trading Today – Down $3.20

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The company is now down by 9.60% percent from yesterday’s close losing $3.20. More than 707,899 shares have been traded.

Company shares are trading at $30.15 just a bit lower than the 50 day moving average of $32.26 and much lower than the 200 day moving average of $33.69. The 50 day moving average went down $-2.11 or -6.53% and the 200 day average moved down $-3.54.

Investors are a little more bullish on shares of the company lately considering the decrease in short interest. The company recorded a fall in short interest between August 15, 2017 and August 31, 2017 of -5.84%. Short shares decreased 236,771 over that period. With short interest at 3,817,188 and short average daily volume at 515,033, days to cover is 7.0 and the short interest percentage is 0.04% as of August 31.

Here are a few substantial investment firms who have updated their positions. Janus Capital Management LLC grew its ownership by buying 44,839 shares an increase of 2.1% from 12/31/2016 to 03/31/2017. Janus Capital Management LLC now controls 2,209,098 shares valued at $76,435,000. The total value of its holdings increased 59.1%. As of the end of the quarter Think Investments Lp had sold a total of 321,458 shares trimming its holdings by 79.4%. The value of the company’s investment in MakeMyTrip Limited – Ordinary S decreased from $14,012,000 to $2,801,000 decreasing 80.0% quarter to quarter.

Ubs Group Ag bolstered its investment by buying 320 shares an increase of 106.7%. Ubs Group Ag claims 620 shares worth $21,000. The value of the position overall is up by 110.0%. Jhl Capital Group LLC added to its position by buying 406,000 shares an increase of 32.5% as of 06/30/2017. Jhl Capital Group LLC controls 1,656,000 shares with a value of $55,559,000. The value of the position overall is up by 28.5%.

As of the last earnings report the EPS was $-2.46 and is expected to be $-2.20 for the current year with 97,426,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.39 with next year’s EPS projected to be $-1.41.

MakeMyTrip Limited, launched on April 28, 2000, is an online travel company in India. The Business’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. The Business’s segments include Air ticketing; Hotels and packages, and Others. The Air ticketing segment provides the facility to book international and domestic air tickets through an Internet-based platform. The Hotels and packages segment provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices. Its Other operations primarily include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company..