The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File Photoon Wednesday short positions in India's Adani Group, citing potential stock manipulation and accounting fraud in a report. The allegations sent bonds and shares in the conglomerate's companies down.
Hindenburg has a track-record of finding corporate wrongdoings and placing bets against the companies.Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives. On its website, Hindenburg says it looks for "man-made disasters," such as accounting irregularities, mismanagement and undisclosed related-party transactions. The company invests its own capital.
It was named after the high profile disaster of the Hindenburg airship in 1937 which ignited as it flew into New Jersey. After finding potential wrongdoings, Hindenburg usually publishes a report explaining the case and bets against the target company, hoping to make a profit.
"I realized they were doing a lot of run-of-the-mill analysis, there was a lot of conformity," he told the Wall Street Journal in 2020. He also did a brief earlier stint as an ambulance driver in Israel. The short-seller says on his LinkedIn page that it gave him "experience thinking and acting under extreme pressure." Anderson has said in interviews that Harry Markpolos, an analyst who first flagged Bernie Madoff's fraud scheme, is his role model.
The question answer is bowing aircraft manufacturers in 1933
Bakts are expecting Cbi n Ed raid on Hindenburg... hehe lol
I Think Hindenburg was Tesla Shorter while Tesla was going to higher and higher then it closed their possition at the top behalf of huge loss it is trying to short adani to recover the loss I think what do u think?M I right?
A maker of gas bags just waiting to explode?