MakeMyTrip Shares Drop After Short Seller Alleges Pricing and Accounting Problems
MakeMyTrip Limited (NASDAQ:MMYT) saw its shares decline 3.5% after a short-seller report from Morpheus Research accused the Indian online travel agency of continuing to enforce price parity with hotel partners, despite a 2022 Competition Commission order, and raised questions about the company’s accounting for fines, receivables and adjusted metric…