Nate Anderson Shuts Down Hindenburg Research, Plans to Open-Source Methods

Jan 15, 2025, 09:34 PM

Hindenburg Research, the renowned short-selling firm founded by Nate Anderson, has announced that it is shutting down. In a personal note, Anderson stated, "I have made the decision to disband Hindenburg Research," citing the toll the work took on his well-being after spending most of the last eight years "either in a fight or preparing for the next one." He plans to shift to low-stress investments and over the next six months will work on a series of materials and videos to open-source every aspect of their investigative model. Hindenburg gained prominence for high-profile investigations into companies such as Nikola Motors, Lordstown Motors, Adani Group, and fuel cell producer Bloom Energy. The firm's decision marks the end of an era in activist short selling.