American research firm Hindenburg has decided to shut down its operations. Hindenburg is the same company that issued a negative report against the companies of Indian billionaire Gautam Adani in 2023.

Hindenburg Research, known for its aggressive short-selling and its significant impact on the Adani Group in 2023, has shut down. Founder Nate Anderson cited the completion of their investigative goals and a desire for balance.

US-based Hindenburg Research, known for its controversial short-selling practices, is shutting down operations. The closure has raised questions about the firm’s practices, its impact on markets, and the possible reasons behind this sudden move.