Hindenburg Made Just $4 Million From $153 Billion Adani Rout – Bloomberg

It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.

But it turns out the US short-seller’s gains from the saga were tiny by comparison — just over $4 million.

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The contrast between Hindenburg’s gains and the wider impact underscores how opportune research can have far-reaching effects, even if it’s not always easy to profit from the fallout….

Source: Hindenburg Made Just $4 Million From $153 Billion Adani Rout – Bloomberg