Short seller Nathan Anderson to shut down Hindenburg Research

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Short-selling activist Nathan Anderson, known for his campaigns against Adani Group, Super Micro and Nikola, is shutting down his company Hindenburg Research, seven years after it was founded.

“The project should be finished after we’ve finished the pipeline of ideas we’ve been working on,” Anderson written in the statement. He described the work as “quite intense and sometimes all-consuming.”

Hindenburg The investigation led to fraud allegations and indictments against dozens of people, according to its website, but also led to an expensive legal battle.Even as the company went after bigger targets, it remained small with 11 employees.

This is a developing story. .