Hindenburg Research, the prominent US-based short-selling firm known for targeting high-profile companies such as the Adani Group, is set to be disbanded, according to its founder, Nate Anderson. In a ...
The sell-off in DKNG was triggered by a short position in the stock announced by Hindenburg Research. DraftKings went public via a SPAC in 2020 before blank-check deals were all the rage.
Through his firm Hindenburg Research, Nate Anderson has targeted companies such as Roblox, DraftKings, and billionaire Carl Icahn's Icahn Enterprises.
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