"The Grim Reaper of Short Sale" Suspends Hindenburg Business...Founder "Enjoy leisure"

Hindenburg Research, known for its "short selling Grim Reaper," said it would close its business, saying, "The company's work has put a heavy burden on the quality of life."

The Wall Street Journal reported that Anderson, the founder of the company, said, "I've been fighting or preparing for the next fight for the past eight years," adding, "I want to enjoy hobbies, travel, and spend time with my family as much as I've made enough money."

Hindenburg, founded in 2017, is an activist short-selling company that scours investment targets and then exposes allegations of poor management and irregularities to lower its stock price.

In particular, U.S. securities authorities and the Justice Department launched an investigation in 2020 after a report revealing Nikola's fraud, once called the "second Tesla," and Nikola's founder was found guilty of fraud.

It has since released a report on alleged fraudulent accounting by Indian giant Adani Group and collusion with authorities, and U.S. law enforcement has charged Guatam Adani Group chairman and executives with securities fraud and bribery.