Hindenburg Research, known as a corporate muckraker, is shutting down after completing its investigations. Major cases include the Adani Group and Nikola Corporation.

Nathan Anderson, whose activist short-selling firm Hindenburg Research became famous in financial circles by publishing a video of a truck rolling down a hill, is calling it quits.

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 prominent US-based short-selling firm known for targeting high-profile companies such as the Adani Group, is set to be disbanded, according to its founder, Nate Anderson. In a statement published on the firm’s website,

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.

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