Activist short seller Nathan Anderson, famous for his campaigns against Adani Group, Super Micro and Nikola, is shutting down his firm Hindenburg Research seven years after he founded it.

In 2023 and in 2024 as well, Hindenburg's report on the Adani Group caused a stir, with the Group stating that the firm had published lies and many politicians in India also rubbi

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.

Nathan Anderson, founder of Hindenburg Research, shook the finance world with his bold short-selling reports, exposing corporate fraud and mismanagement in high-profile cases: Hindenburg news

Founder Nathan Anderson says he and his team are ready to move on to the next chapter in their lives after just eight years.

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, 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.

Hindenburg Research, the short-selling firm renowned for exposing financial misconduct among corporate giants, is shutting down. Founder Nate Anderson announced the decision in a heartfelt blog post on the firm’s website,

Nate Anderson who started Hindenburg Research in 2017, is best known for exposing Nikola Motors, which claimed to have developed a fully functional hydrogen-powered truck. In India he is known for a January 2023 report accusing Adani Group of fraud.