After Adani, now Hindenburg's target is this company | Carl Icahn | Jagran Business- Watch Video

Saumya JaiswarPublish Date: 05 May, 2023

Corporate activist Carl Icahn is the most recent victim of US-based short-seller Hindenburg Research, whose shocking findings have destroyed about one-fifth of the value of his empire.Icahn's enormous wealth plummeted by more than $10 billion on Tuesday when Hindenburg charged that his investing firm had a "ponzi-like" economic system.According to estimates from Hindenburg Research, several companies, including Adani Group, have lost a significant portion of their stock value. 

What is Short Selling? 

Short selling is a type of financial technique that entails borrowing, selling, and then subsequently purchasing back a securities at a lower price in order to profit from the drop in value that the seller anticipates. A US financial research company called Hindenburg Research focuses on activist short-selling, which entails publishing in-depth studies on firms it considers to be overvalued, dishonest, or deceiving investors. Before publishing its analysis, Hindenburg Research takes a short position in the target firm, and after the report is made public, it profits from the decline in share price.

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