Hindenburg Research, a short seller that targeted tech and EV companies, is closing up shop

When Hindenburg Research posts a blog on its website, it often means a company’s doomsday is near.

Today, that company is Hindenburg Research.

Nate Anderson announced Wednesday that he has closed short-selling firm Hindenburg Research, after seven years of issuing scathing reports about high-profile companies, including many of the tech world’s giants and busy startups.

“As I have shared with family, friends and our team since late last year, I have decided to cancel Hindenburg Research,” Anderson wrote. Blog post. “The plan ended after we finished the pipeline of ideas we were working on. And as for the last Ponzi case we’ve just completed and shared with regulators, that day is today.”

The Hindenburg Reports have earned a reputation over the years for their insightful investigations and thorough research into overlooked and overlooked corners of the public market. In many cases, the firm’s reports foreshadowed SEC investigations, criminal charges, and massive stock drops surrounding the companies it targeted.

Anderson said there was no specific reason to dismantle the Hindenburg today. He said the short-selling company has reached a level of success he never expected, and now is a good time to move on.

However, Anderson shared that the past seven years of running the Hindenburg had taken a toll on his health and personal life. He notes on the blog that he often wakes up in the middle of the night with new ideas to investigate. Anderson apologized to his family and friends in the post, saying he will now have more time to spend with loved ones.

Over the years, Hindenburg has targeted some of the giants of the technology world. Anderson published a short report on Roblox in 2024 where he called the gaming platform “X-rated pedophile hellscape” Weeks later, Roblox Introduced new safety features for parents The platform also shorted publicly traded technology companies such as Hindenburg Super Micro and Block.

Hindenburg has also developed a reputation for taking on some of the most popular electric car startups.

Hindenburg targets Hydrogen electric vehicle startup, Nicola, in a 2020 report, It took an 11% stake shortly after General Motors announced. Short sellers claimed that Nicola’s trucks were not fully operational, and accused the company’s leadership of nepotism. An official investigation into Nicola followed the Hindenburg Report, and ultimately, led to a settlement with the conviction of the SEC and Nicola’s founder.

In 2021, Hindenburg published a Brief report on Lordstown MotorsClaims that the electric car maker faked pre-orders for the EV truck. According to the Securities and Exchange Commission, those claims turned out to be largely true EV accused the company of misleading investors and ordered it to pay $25 million.