How a short seller crushed Adani’s share price

Adani Group, an Indian conglomerate, faced a major blow last week after a US-based investment research firm - Hindenburg Research - accused them of "the biggest con in corporate history".

The report resulted in a significant decrease in the value of Adani’s businesses, totalling over $100 billion. It's important to note Adani denies the claims made by Hindenburg Research and highlights the fact that the report was released to create a reaction from the market, allowing Hindenburg to profit as an activist short seller. Short selling is a tactic commonly used by Hindenburg, where they target companies, conduct research, and release reports to influence investors.

In this episode, Sascha and Darcy ask - what exactly is short selling? And how has this all played out?

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