12 Most Shorted Stocks in 2025

5. Viasat, Inc. (NASDAQ:VSAT)

Number of Hedge Fund Holders: 29

Short % of Shares Outstanding (as of February 28): ~27.3%

Viasat, Inc. (NASDAQ:VSAT) offers broadband and communications products and services. Analyst Ryan Koontz from Needham maintained a “Buy” rating on the company’s stock, maintaining the price objective of $19.00. The analyst’s rating is backed by the company’s strong financial performance in the recent quarter, with its revenue and adjusted EBITDA figures meeting or surpassing expectations. In Q3 2025, Viasat, Inc. (NASDAQ:VSAT)’s revenue came in at $1.1 billion, while adjusted EBITDA sat at $393 million.

The company’s guidance for the rest of the year remains optimistic, with anticipation of continued revenue growth and modest growth in adjusted EBITDA. Viasat, Inc. (NASDAQ:VSAT) remains focused on capital efficiency, debt reduction, and cash generation. The company has maintained its FY25 revenue and adjusted EBITDA outlook, implying its strong results in the first 3 quarters including in its aviation and defense orderbooks, and confidence in the competitive position demonstrated by strong awards. Notably, awards for Q3 2025 came in at $1.1 billion. For FY 2025, Viasat, Inc. (NASDAQ:VSAT)’s growth in adjusted EBITDA is expected to be aided by healthy revenue flow through DAT licensing agreements and Communication Services. Overall, the company expects to continue to be successful in capturing the share of large and growing markets and remain focused on improving operational and capital productivity.