Prominent short seller Nate Anderson said his job is "intense and sometimes all-encompassing."

Hindenburg Research, a muckraking research and investment firm known for shorting companies such as India's Adani Group, will close, its founders announced.

Nate Anderson, who founded the New York-based company in 2017, said Wednesday that while there was no single reason for the decision, the company's operations were "very intense and sometimes all-encompassing."

"I often wake up from my dreams because I've thought of a new line of investigation to pursue in my sleep, or made an edit to clarify a point I didn't realize I was bothered by during the day. Or the general stress from it all, " Anderson said in a report on the company's website.

Anderson said the plan is to dissolve the company after completing a "pipeline of ideas" that he and his team have been working on.

“I write this with joy,” he said. “It’s been a lifelong dream of mine to build this.”

The Hindenburg Research Center, named after the German airship that exploded in 1937, is known for producing investigative reports alleging corporate fraud, mismanagement and other malfeasance.

The firm profits from its research by borrowing shares of the target company in anticipation that its price will fall, a practice known as short selling.

The company wiped billions of dollars from the market value of several companies, including Adani Group, one of India's largest companies, which it accused of decades of stock manipulation and accounting fraud.

In November, U.S. prosecutors indicted Adani Group Chairman Gautam Adani for allegedly participating in a bribery scheme related to large solar power plants.

Adani Group called the accusations "baseless" and said it would pursue "all possible legal recourse."

In another high-profile case, Hindenburg Research in 2020 accused electric vehicle startup Nikola of misleading investors into thinking it had a working prototype of a pickup truck.

Nikola founder Trevor Milton was later convicted of defrauding investors and sentenced to four years in prison.

Anderson said in the report that his company's work was, in part, responsible for criminal or civil charges against nearly 100 people, including billionaires and oligarchs.

"We shook up some empires that we thought needed to be shaken up," he said.

“Over time, people started to see what I hope we can show — that no matter who you are, it’s possible to make an impact.”

Anderson, a University of Connecticut graduate who began his career in finance at a financial analytics firm, said he plans to produce a series of materials and videos over the next six months to make the firm's models available to the public.

“My hope is that, in a few years after we fully share our process, I will receive unsolicited messages from people who read this article (perhaps you) who share the same passion for learning the craft and Find the confidence to make some point despite the obstacles in your path, on a subject that requires it,” he said.

“Even if I don’t study music or plant a garden or whatever I’m going to do next, it’s going to make me happy.”