Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.

Adani group stocks surged as news of Hindenburg Research's closure emerged, alongside positive developments in the Israel-Hamas conflict, increasing market capitalization by Rs 28,000 crore. Notably,

Hindenburg Research which set off a firestorm in India with withering allegations against the Adani Group is being disbanded, marking the end of the American short-seller feared for successfully targeting dozens of corporations.

Nate Anderson, the founder of Hindenburg Research, on Thursday announced plans to shut down the US-based investment research firm, which gained attention for its short-selling activities and reports that led to the loss of billions of dollars for Indian billionaire Gautam Adani-led Adani Group.

Anderson, the short-seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm on

Hindenburg Research, the firm that wiped over $100 billion off the Adani Group's market value in 2023, has announced its closure. The announcement came as a surprise, as the short-seller was pursuing probes against some of the biggest corporate moguls worldwide.