American research firm Hindenburg has decided to shut down its operations. Hindenburg is the same company that issued a negative report against the companies of Indian billionaire Gautam Adani in 2023.

Hindenburg Research, known for its aggressive short-selling and its significant impact on the Adani Group in 2023, has shut down. Founder Nate Anderson cited the completion of their investigative goals and a desire for balance.

Adani stocks surged as Hindenburg Research closed operations, citing completed investigations, boosting optimism despite regulatory scrutiny.