| | | Famed short research firm Hindenburg Research shutting down
Jan. 15, 2025 4:33 PM ET
By: Joshua Fineman, SA News Editor
 SlavkoSereda/iStock via Getty Images
Famed short seller Hindenburg Research is shuttering the firm.
"As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research," Hindenburg founder Nate Anderson wrote in a posting on the firm's website. "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 gained much notoriety in recent years for its short reports on companies including Nikola ( NKLA), billionaire activist investor Carl Icahn's Icahn Enterprises ( IEP), and most recently Super Micro Computer ( SMCI) and Carvana ( CVNA).
"So, why disband now? There is not one specific thing—no particular threat, no health issue, and no big personal issue," Anderson wrote.
"For now, I will be focused on making sure everyone on our team lands where they want to be next," Anderson added.
The Hindenburg closure comes as other prominent short sellers have also shuttered or been targeted by regulators in recent years. Prominent short seller Jim Chanos shut down his hedge fund in 2023 and the Securities and Exchange Commission sued short seller Andrew Left and his firm Citron Capital, in July. |
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