Hindenburg claims it hardly made money by shorting Adani stocks & bonds

US-based short seller Hindenburg Research admitted on Tuesday to earning just $4.1 million in revenue from gains made by shorting Adani securities by its client but said it will hardly break even considering the costs of producing the research. The short-seller’s report led to a staggering $153 billion wipeout in the market value of the Adani Group.