Hindenburg Research Hindenburg Research
is an investment research firm that gained prominence for its investigative reports on companies it believes have engaged in fraud or have other questionable business practices. The firm was founded in 2017 by Nathan Anderson, who serves as its Managing Partner. Hindenburg Research
uses a combination of public records, interviews, and other research methods to conduct investigations into companies. The firm's reports are known for their thoroughness and attention to detail, and they often contain extensive documentation to support their claims. Hindenburg Research
has published reports on a variety of companies in different industries, including electric vehicle manufacturer Nikola, medical device company Penumbra, and advertising firm MDC Partners. The firm's reports have often led to significant changes at the companies it targets, including management shakeups, regulatory investigations, and declines in stock prices. While Hindenburg Research's reports have been praised for their thoroughness and investigative rigor, they have also been criticized by some for their aggressive tactics and the potential impact they can have on the stock market.