Hindenburg Research, the controversial activist short-selling firm founded by Nathan Anderson in 2017, has announced its own demise. The firm was infamous in financial circles for its sensational reports targeting companies it alleged were engaged in fraudulent or unethical practices,

Hindenburg Research disbands after targeting major firms like Adani and Nikola with allegations of fraud and mismanagement.

Hindenburg Research which set off a firestorm in India with withering allegations against the Adani Group is being disbanded, marking the end of the American short-seller feared for successfully targeting dozens of corporations.

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

Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.

Hindenburg Research, a US-based short seller founded by Nathan Anderson, will disband after impacting the market values of firms such as Adani Group, Nikola, Block and Clover Health. The firm faced backlash for allegations against various companies.

Anderson, the short-seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm on

Hindenburg Research, the firm that wiped over $100 billion off the Adani Group's market value in 2023, has announced its closure. The announcement came as a surprise, as the short-seller was pursuing probes against some of the biggest corporate moguls worldwide.