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If you consider yourself a contrarian investor, here are some ideas you may find interesting.

We ran a screen on highly shorted stocks (with short floats above 20%, a bearish signal) that are also seeing bullish sentiment from company insiders, with significant net insider buying over the last six months.

Insiders, naturally, work at the companies in question and have more knowledge about the firm than outsiders. When they put their own money on the line to purchase their company's shares it indicates they are bullish about the firm's future, and believe current share price is undervalued.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top eight stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

Insiders seem to think their companies offer good value at current levels - do you think these stocks will soon turn around? Use this list as a starting point for your own analysis.

List sorted by net insider purchases as a percent of share float.

1. Dole Food Company Inc. (NYSE:DOLE): Engages in sourcing, growing, processing, marketing, and distributing fresh fruits and vegetables, and food products to wholesale, retail, and institutional customers worldwide. Market cap at $1.03B, most recent closing price at $10.70. Short Float at 52%. Over the last six months, insiders were net buyers of 4,964,340 shares, which represents about 16.42% of the company's 30.23M share float.

2. Molycorp, Inc. (NYSE:MCP): Focuses on the production and sale of rare earth oxides from stockpiled feedstocks in the western hemisphere. Market cap at $738.96M, most recent closing price at $6.13. Short float at 33.23%. Over the last six months, insiders were net buyers of 7,107,150 shares, which represents about 11.61% of the company's 61.24M share float.

3. Opko Health, Inc. (NYSE:OPK): Engages in the discovery, development, and commercialization of novel and proprietary technologies primarily in the United States, Chile, and Mexico. Market cap at $1.31B, most recent closing price at $4.38. Short float at 23.52%. Over the last six months, insiders were net buyers of 6,485,900 shares, which represents about 4.91% of the company's 132.14M share float.

4. Synta Pharmaceuticals Corp. (NASDAQ:SNTA): Focuses on the discovery, development, and commercialization of small molecule drug candidates for treating severe medical conditions, including cancer and chronic inflammatory diseases. Market cap at $459.3M, most recent closing price at $7.69. Short float at 20%. Over the last six months, insiders were net buyers of 1,058,660 shares, which represents about 2.86% of the company's 36.97M share float.

5. Universal Display Corp. (NASDAQ:PANL): Engages in the research, development, and commercialization of organic light emitting diode ((NASDAQ:OLED)) technologies and materials for use in flat panel display, solid-state lighting, and other product applications. Market cap at $1.07B, most recent closing price at $23.06. Short float at 28.31%. Over the last six months, insiders were net buyers of 867,597 shares, which represents about 2.44% of the company's 35.59M share float.

6. IMAX Corporation (NYSE:IMAX): Operates as an entertainment technology company worldwide. Market cap at $1.44B, most recent closing price at $22.02. Short float at 24.83%. Over the last six months, insiders were net buyers of 1,134,002 shares, which represents about 2.05% of the company's 55.42M share float.

7. Vistaprint N.V. (NASDAQ:VPRT): Operates as an online provider of marketing products and services to micro businesses worldwide. Market cap at $1.B, most recent closing price at $29.10. Short float at 23.59%. Over the last six months, insiders were net buyers of 407,761 shares, which represents about 1.89% of the company's 21.57M share float.

8. Westport Innovations Inc. (NASDAQ:WPRT): Provides alternative fuel, low-emissions technologies that enable engines to operate on fuels, such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels. Market cap at $1.41B, most recent closing price at $25.57. Short float at 33.6%. Over the last six months, insiders were net buyers of 500,000 shares, which represents about 1.25% of the company's 39.96M share float.

Insider data sourced from Yahoo Finance, all other data sourced from Finviz.

Source: 8 Highly Shorted Stocks Insiders Are Buying