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.

Founder Nathan Anderson says he and his team are ready to move on to the next chapter in their lives after just eight years.

Hindenburg Research, a US-based short seller founded by Nathan Anderson, will disband after impacting the market values of firms such as Adani Group, Nikola, Block and Clover Health. The firm faced backlash for allegations against various companies.

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

Nate Anderson, the founder of Hindenburg Research, on Thursday announced plans to shut down the US-based investment research firm, which gained attention for its short-selling activities and reports that led to the loss of billions of dollars for Indian billionaire Gautam Adani-led Adani Group.