Successfully sniped Nikolai and Adani! Hindenburg, a well-known short agency, announces its closure: the goal has been achieved

Wall Street short-selling institution Hindenburg Research recently announced that the company will be winding down, marking the end of its era of high-profile short reports. From Nikola to the Adani Group, Hindenburg's repeated attacks once caused market fluctuations and now they have chosen to retire after achieving their goals.

Hindenburg Research announces closure.

Hindenburg's latest tweet pointed out that the company, known for its high-profile SHORTS operations and sharp research reports, will officially close its operations, and the turmoil that the institution has set off in the financial markets since its inception will come to an end.

Check out Hindenburg's most recent report, released Jan. 2 against auto retailer Carvana, calling it a "father-son accounting scam," which at one point sent its stock price down more than 11 percent, despite the company's denials and criticism of the report as misleading.

Founder Nate Anderson: Hoping future generations will take over the mission

In response to this, Xingdengbao founder Nate Anderson clarified in a statement on the company's website that the plan to close the business was not due to health issues or threats, but simply because the self-set goals had already been achieved:

The intensity and focus of this job have caused me to miss many interesting things and people I care about. Hingtenburg is a chapter in my life, not defining my core things.

Anderson also said that he reached this agreement with his family, friends and team as early as the end of last year: "The plan is to close the operation after all the ongoing research has been completed, and today is the end of the day as we have handed over the recent Ponzi scheme case to the regulator."

He also said that he would open up and share his research model and investigation methods so that others can continue this work:

I hope that in the future, someone will be able to learn from our public resources and carry out our mission to continue exposing injustice and promoting justice.

Hindenburg's past and present lives

As an investment research firm established in 2017, Hindenburg focuses on exposing financial issues, fraud, or market manipulation of companies. The company is known for its high-profile negative research reports and shorts trading as its main investment strategy to profit from exposing company issues. Specifically, it includes:

Nikola (2020): Accused electric truck manufacturer Nikola of falsely demonstrating its technology, including a video of a truck driving automatically that was actually a downhill slide. Nikola ultimately admitted to some of the allegations, resulting in its founder Trevor Milton being sentenced to 4 years in prison.

Adani Group (2023): Adani Group, a multinational conglomerate that accuses Indian billionaire Gautam Adani, of corporate governance issues and financial misconduct has sparked widespread attention to Adani Group, and is now facing criminal prosecution and a stock price collapse over bribery scandals.

In August last year, Xingdengbao also revealed that it was shorting Super Micro (SMCI), a major supplier of NVIDIA, also known as the "AI demon stock", causing its stock price to drop by 8.7% intraday.

(Countdown to NVIDIA's financial report, Xingdengbao's big move to short AI demon stock, Supermicro (SMCI))

In his statement, Anderson also noted that his company has successfully shaken many "empires that need to be shaken":

The Hindenburg study contributed to civil or criminal charges from regulators, ranging from startups to billionaires, for fraud.

A generation of short-selling institutions bid a glamorous farewell

In just a few years, Xingdengburg has gained widespread controversy and reputation in the financial market through exposure reports and precise operations. Now, the company has chosen to close the book on its legendary story, but its influence and ideas may continue to inspire more people to enter the field in the future.

This article successfully targeted Nikola and Adani! The well-known short-selling institution Hindenburg announced its closure: the goal has been achieved. It first appeared on Chain News ABMedia.