Nate Anderson’s Hindenburg Research, known for its impactful short-selling reports, will shut down. The firm gained notoriety for allegations against the Adani Group, which include stock manipulation and accounting fraud.

Founder of Hindenburg Research, Nathan Anderson, announced disbanding the short-selling firm whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his compani

Hindenburg in January 2023 published a report accusing the Gautam Adani-led group of ‘pulling the largest con in the corporate history’