💨 Abstract

Nathan Anderson, founder of Hindenburg Research, announced the disbandment of his firm, known for its short-selling reports on companies like Adani Group and Nikola. The decision was due to the intense nature of the work. Hindenburg's short-selling strategy involves betting against companies with potential accounting issues, mismanagement, or fraud, found after extensive investigation. Short-selling involves borrowing and selling stocks with the expectation of repurchasing them at a lower price to profit.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖