Hindenburg Research, a short seller that targeted tech and EV companies, is closing up shop
When Hindenburg Research posts a blog on its website, it often means a company’s final days are near. Today, that company is Hindenburg Research. Nate Anderson announced Wednesday he has shut down short-selling firm Hindenburg Research after a seven-year run issuing damning reports about high-profile companies, including many of the technology world’s giants and buzzy startups. “As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research,” Anderson wrote in a blog post. “The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today.” Hindenburg’s reports gained a reputation over the years for their prescient investigations and thorough research into overlooked and ignored corners of public markets. In many instances, the firm’s reports predated SEC investigations, criminal indictments, and massive stock drops around the companies it targets. Anderson said there’s no specific reason for disbanding Hindenburg today. He …