Short Seller Hindenburg Shuts Down After Carvana Report; Founder Cites Toll on Well-Being

Jan 15, 2025, 09:30 PM

On January 15, 2025, short seller Hindenburg Research announced it is shutting down as founder Nate Anderson has decided to disband the firm. "I have made the decision to disband Hindenburg Research," Anderson said, citing the toll the work took on his well-being. The New York-based investment research firm was known for its investigative reports and short-selling strategies, exposing frauds, scams, and Ponzi schemes in the market. Hindenburg's last report was on Carvana two weeks ago, and since then the stock is up 20%. Over the next six months, Anderson plans to work on materials and videos to open-source every aspect of their model and how they conducted their investigations. He plans to turn now to low-stress investments.