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.

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.