Short selling firm Hindenburg Research is shutting down

The Wall Street Journal (gated) with the report:

• Hindenburg Research founder Nate Anderson cites job stress as he shuts down his firm

Check out that link if you can access the Journal for the full report.

I think this was the crux of his stress (bolding mine):

• Hindenburg … not only placed their bets against companies’ shares but used digital media to share their research with the market, hoping to profit from turning sentiment against their targets.

Maybe shoulda ‘leaked’ instead of publicly yelling about frauds?

I dunno just a thought.

WSJ cite a number of other factors:

• Prominent short sellers have retreated in recent years. Online armies of individual traders targeted those who bet against the rapid rise in GameStop shares, including now-defunct Melvin Capital, which lost $1 billion in a single day. Short seller Andrew Left was indicted last year on allegations he manipulated stock prices. He has pleaded not guilty.
• scrutiny and risk
• as well as a decadelong bull market
• the rise of multistrategy funds

This article was written by Eamonn Sheridan at www.forexlive.com.