Super Micro Computer, Inc. SMCI shares are trading higher Thursday after the prominent short-selling firm Hindenburg Research announced its closure. What To Know: Hindenburg, known for high-profile short reports, accused Super Micro Computer last year of accounting manipulation, sibling self-dealing, and sanctions evasion, triggering significant scrutiny of the company. The firm, founded in 2017 by Nathan Anderson, gained attention for investigations targeting major companies, including Nikola Corp NKLA, India's Adani Group, and Jack Dorsey's Block Inc SQ. Hindenburg's reports often caused steep stock price drops and legal challenges for its targets. For instance, its 2023 exposé on Adani Group led to a $100 billion market value loss, while its 2020 report on Nikola resulted in the resignation of its founder Trevor Milton.