Short seller Hindenburg Research has announced that it would release another 'big' report. Just weeks after the scathing Hindenburg report on the Gautam Adani-led Adani Group and companies caused havoc, the short seller has announced gone viral with this new announcement.
In a viral tweet, Hindenburg Research has simply stated that it is releasing another report soon and that this is also going to be 'big.' While the short seller has given no details on when this report would be released or on which entity, the viral tweet has left people wondering what this could be.
"New report soon—another big one," wrote Hindenburg Research in the viral tweet.
New report soon—another big one.— Hindenburg Research (@HindenburgRes) March 22, 2023
Founded by Nate Anderson, Hindenburg Research (as the websites reads) "specialises in forensic financial research." While the short seller was known for its reports in the international space, it became extremely popular in the Indian space after its report on the Adani Group. The report which tumbled Adani Group stocks to a new low after a massive sell-off, alleged fraud and stock manipulation by the Adani Group.
Additionally, the ripple effects of the Hindenburg report were so intense that the Gautam Adani-led firm also decided to call off the Rs 20,000 crore-worth follow-on public offer (FPO).