Hindenburg Research, a US-based short seller founded by Nathan Anderson, will disband after impacting the market values of firms such as Adani Group, Nikola, Block and Clover Health. The firm faced backlash for allegations against various companies.

Anderson, who founded Hindenburg in 2017, explained in a post on the company’s website that the decision was prompted by the

Hindenburg Research, the short seller that had targeted several business groups in the past, is going to be disbanded, its founder Nate Anderson has said.