Indian investors now need no special introduction to the American firm Hindenburg. This is the company that has added 50 % to the value of Adani Group with a single report. The company’s report released in January this year alleging irregularities in the accounts of Adani group companies and artificially increasing share prices by shell companies abroad sent shares of the Adani group plummeting. Simultaneously, the Supreme Court ordered an investigation.
Hindenburg Research recently announced that they are going to release a report on another large company soon. Who will be Hindenburg’s next target? Doubt arose among investors. “New Report Coming Soon – Another Big One Pie,” the Hindenburg tweeted on social media. With the beginning of the banking crisis in America, some believe that Hindenburg report may be released in this regard. Apart from that, is Hindenburg targeting another Indian firm? That is now an unanswered question.
Hindenburg is run by a man named Nate Anderson. This company claims to be proficient in forensic financial research. The firm sifts through the books of internationally accused companies with its own expertise. Prepares a full report if errors are confirmed. Next it takes short positions in the respective groups or companies worth billions of dollars. After that the report will be released. That will cause the respective shares to fall. Because they were sold in advance, the Hindenburg Company would make eye-watering profits on them.
New report soon—another big one.
— Hindenburg Research (@HindenburgRes) March 22, 2023