Hindenburg Research Shuts Down After Years of High-Profile Corporate Investigations

Founder Nate Anderson cites personal reasons for closing the renowned short-selling firm that exposed major corporate frauds.

Hindenburg Research, known for uncovering corporate frauds and causing significant market impacts, has announced its closure after completing its final investigations.
Founder Nate Anderson emphasized that the decision was personal, not due to external threats, health issues, or professional setbacks, and reflected his desire for a more balanced life.
The firm gained notoriety for its detailed forensic research, which led to criminal or civil charges against nearly 100 individuals, including prominent CEOs and board members.
Hindenburg’s high-profile investigations included accusations of fraud against companies like Adani Group, Nikola, and Lordstown Motors, resulting in massive market value losses for some targets.
Anderson plans to open-source the firm's investigative methods and techniques, enabling others to continue similar work independently.