Hindenburg Research, known for its high-profile short-selling reports, is shutting down, founder Nate Anderson announced Wednesday. In a note posted on the firm’s website, Anderson stated the decision to disband had been planned since late last year after completing their pipeline of ideas. Founded in 2017, Hindenburg gained prominence for exposing alleged frauds. As a short seller and research firm, Hindenburg profited from stock declines after publishing reports.