Anderson, who founded Hindenburg in 2017, explained in a post on the company’s website that the decision was prompted by the

Hindenburg Research published reports against Indian conglomerate The short-seller accused Adani Group of using offshore tax havens improperly, which the company denied.

Hindenburg Research, the influential short-selling firm that rattled global markets with high-profile exposés of companies like Adani Group and Nikola Corp., announced its closure Wednesday after a seven-year run that reshaped modern activist investing.

Hindenburg Research, storied for its short-selling reports, is winding up its business. The firm, which gained traction for rattling the Adani Group in 2023, was pursuing probes against some of the biggest corporate moguls worldwide.

Hindenburg Research's founder Nathan Anderson announced he will disband the firm due to the intense nature of the work.

Nate Anderson, the founder of Hindenburg Research, on Thursday announced plans to shut down the US-based investment research firm, which gained attention for its short-selling activities and reports that led to the loss of billions of dollars for Indian billionaire Gautam Adani-led Adani Group.

Adani Group stocks surged today as Hindenburg Research, the short-selling firm infamous for its critical reports, announced its immediate closure. Hindenburg’s founder, Nate Anderson, cited the completion of their “pipeline of ideas” as the reason for the firm’s shutdown.

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down,