In a major development coming from the United States, the short selling group known for its stock market activism, Hindenburg Research, has decided to stop there operations. The short-selling group has been disbanded.

Anderson said over the next six months, he plans to work on a series of materials and videos to open-source every aspect of his model and how his team conducts its investigations.

The US research firm Hindenburg Research, which is known for short-selling, is to be shut down, as its founder Nate Anderson in an announcement on Wednesday. The reports of the firm have resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies.

Hindenburg Research published reports against Indian conglomerate The short-seller accused Adani Group of using offshore tax havens improperly, which the company denied.

Hindenburg Research, known for short-selling, shuts down after targeting Adani group, founder Nate Anderson cites personal reasons.

The group's reports against the Adani Group sparked short-selling by investors and investigations by authorities, wiping billions of its market value.

Nate Anderson, the US activist investor who made his name by publicly attacking companies including Afterpay-owner Block and billionaire tycoon Gautam Adani’s empire, is closing his New York short-selling firm Hindenburg Research.

Activist short seller Nathan Anderson, famous for his campaigns against Adani Group, Super Micro and Nikola, is shutting down his firm Hindenburg Research seven years after he founded it. “The plan has been to wind up after we finished the pipeline of ideas we were working on,