Hindenburg Research Shut Down: American investment and research company Hindenburg Research is closing down. Its founder Nate Anderson gave this information on Wednesday. He also said that all the projects on which he was working have been completed. Hindenburg Research was started by Anderson in 2017. The job of this American short selling firm was to expose companies that were potentially involved in corporate irregularities as well as financial irregularities and fraud.
Hindenburg exposed many companies
Hindenburg Research claims that through its in-depth research, it exposes publicly traded companies that mislead investors and make profits through short selling. Hindenburg has so far released its sensational report against more than 20 big companies, which include many foreign companies like Adani Group, WINS Finance, Nikola, SC Worx, Lordstown Motors.
A Personal Note From Our Founderhttps://t.co/OOMtimC0gV
β Hindenburg Research (@HindenburgRes) January 15, 2025
Because of this the name Hindenburg was kept
The firm was named after the airship LZ 129 Hindenburg, which crashed in New Jersey, USA on May 6, 1937. 36 out of 97 people aboard this 804 feet long airship died in the accident. This German airship caught fire after a massive explosion in the air.
The firm said that whatever companies they expose are destroyed like the Hindenburg airship, hence it was named the same and something similar happened. Whichever company Hindenburg presented his report against, suffered losses in the stock market. With the huge fall in the companyβs shares, an investigation would have started against them.
Adani Group was accused of this
In the year 2023, Hindenburg in his report had also accused Adani Group of fraud in the stock market. In the report, Adani Group was accused of stock manipulation and accounting fraud. After this, there was a huge fall in the shares of Adani Group. However, after getting rid of the genie of Hindenburg Research, now the shares of Adani Group are running at a fast pace.
Also read: