Hindenburg Research, the controversial activist short-selling firm founded by Nathan Anderson in 2017, has announced its own demise. The firm was infamous in financial circles for its sensational reports targeting companies it alleged were engaged in fraudulent or unethical practices,

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.

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

CNBC's Andrew Ross Sorkin reports on the latest news.

One of Wall Street's most famous short sellers is calling it quits. Hindenburg Research attributed the decision to a career that "has come at the cost of missing a lot of the rest of the world and the people I care about,