U.S. short seller Hindenburg Research is preparing to launch a new report soon – and they say it’s going to be a biggie.
The activist short seller, founded by Nathan Anderson, tweeted on Wednesday night that it would be publishing a new report “soon” into another company
The firm is known for most recently shorting Indian conglomerate Adani Group, alleging “stock manipulation and accounting fraud” within billionaire Gautam Adani’s companies.
The January report sent all Adani-linked companies’ shares to slump and Adani’s net worth to spiral.
The group strongly denied the allegations, but the losses continued to swell. So far, the Hindenburg report has erased $115 billion of market value from the Adani Group as of Thursday.
Adani executives went on a charm-offensive roadshow to win back investor trust in late February.. An Indian Supreme Court independent panel was opened earlier this month to look into Hindenburg’s allegations.
