Hindenburg Research, a prominent short-selling firm known for its high-profile investigations, announced its shutdown on Wednesday. Founder Nathan Anderson cited personal reasons for closing the firm, which had been active since 2017. The firm gained notoriety for its exposés on companies like the SMCI, Nikola and India’s Adani Group, leading to significant market impacts.
Last year, Hindenburg accused Super Micro Computer of “accounting manipulation,” sibling self-dealing and sanctions evasion in a short report issued Tuesday.
In its final report, Hindenburg accused Carvana Co (NYSE:CVNA) of accounting irregularities, though the company denied these claims. Anderson plans to document Hindenburg’s investigative methods over the next six months, aiming to inspire future market watchdogs.
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