Nathan Anderson, whose activist short-selling firm Hindenburg Research became famous in financial circles by publishing a video of a truck rolling down a hill, is calling it quits.

Hindenburg Research disbands after targeting major firms like Adani and Nikola with allegations of fraud and mismanagement.

Infamous short-selling firm Hindenburg Research will disband, founder Nate Anderson announced on Thursday. The New York-based company has been in Indian market regulator's radar after its scathing report against the Adani Group, which failed to hold water in the Supreme Court.

Hindenburg Research which set off a firestorm in India with withering allegations against the Adani Group is being disbanded, marking the end of the American short-seller feared for successfully targeting dozens of corporations.

Anderson, who founded Hindenburg in 2017, explained in a post on the company’s website that the decision was prompted by the

US-based Hindenburg Research, known for its controversial short-selling practices, is shutting down operations. The closure has raised questions about the firm’s practices, its impact on markets, and the possible reasons behind this sudden move.

One of Wall Street's most famous short sellers is calling it quits. Hindenburg Research attributed the decision to a career that "has come at the cost of missing a lot of the rest of the world and the people I care about,