US-based short-seller Hindenburg Research announced its closure, with founder Nate Anderson citing personal growth and fulfillment as key reasons. Renowned for exposing frauds and corruption, Hindenburg's January 2023 report on the Adani Group caused a $150 billion stock rout,

Nathan Anderson, who started Hindenburg in 2017, cited the toll of the "rather intense, and at times, all-encompassing" nature of the work as the reason for his decision, in a website post published on Wednesday.

Anderson said over the next six months, he plans to work on a series of materials and videos to open-source every aspect of his model and how his team conducts its investigations.

Hindenburg Research, a US-based financial research firm known for short-selling, announced on Wednesday that they are winding up after finishing the ideas already in the pipeline.

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. “The plan has been to wind up after we finished the pipeline of ideas we were working on,

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,

Hindenburg Research, whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down.