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.

Infamous short-selling firm Hindenburg Research will disband, founder Nate Anderson announced on Thursday. The New York-based company has been in Indian market regulator's radar after its scathing report against the Adani Group, which failed to hold water in the Supreme Court.

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.

US-based Hindenburg Research, known for its controversial short-selling practices, is shutting down operations. The closure has raised questions about the firm’s practices, its impact on markets, and the possible reasons behind this sudden move.

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.