On 30 January 2025, Hindenburg Research announced the closing of its doors and with that, the field of activist short selling just got a whole lot smaller.
- Hindenburg's Nate Anderson cited "intensity and focus" as part of the reason for shuttering Hindenburg.
- Some of the activist short sellers left: Muddy Waters, Quintessential, Gotham City, ShadowFall, Hunterbrook
- Part of the reason for fewer activist short sellers is companies are less shy of litigating
