12 Most Shorted Stocks in 2025

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8. MARA Holdings, Inc. (NASDAQ:MARA)

Number of Hedge Fund Holders: 21

Short % of Shares Outstanding (as of February 28): ~24.5%

MARA Holdings, Inc. (NASDAQ:MARA) operates as a digital asset technology company. Rosenblatt Securities initiated coverage on the company’s stock with a “Buy” rating and a price objective of $19.00. The analysts at the firm lauded the company’s position as a market leader among public cryptocurrency miners, highlighting its industry-leading scale and healthy market share. Additionally, the firm has also highlighted MARA Holdings, Inc. (NASDAQ:MARA)’s unmatched technological infrastructure. Rosenblatt justifies the premium valuation of MARA Holdings, Inc. (NASDAQ:MARA), considering its significant Bitcoin holdings. The analysts believe that the company’s assets and strategic advantages place it well for future growth in the cryptocurrency mining sector.

As of February 28, 2025, the company held a total of 46,374 BTC. MARA Holdings, Inc. (NASDAQ:MARA) established the leadership in bitcoin mining via an asset-light model, and has transformed it into a vertically integrated energy and infrastructure company in 2024. Furthermore, in 2025, the company remains focused on being the dominant player in bitcoin mining while enhancing its footprint in energy generation. In conjunction with its emerging technology business, MARA Holdings, Inc. (NASDAQ:MARA) continues to make R&D investments to establish its presence in AI and adjacent markets, which can create additional revenue opportunities.

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