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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 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.

1. IMAX Corporation (NYSE:IMAX): Operates as an entertainment technology company worldwide. Market cap at $1.44B, most recent closing price at $22.48. Over the last six months, insiders were net buyers of 1,134,002 shares, which represents about 2.04% of the company's 55.50M 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 $1.28B, most recent closing price at $9.44. Over the last six months, insiders were net buyers of 7,107,150 shares, which represents about 7.81% of the company's 91.00M 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 $1.41B, most recent closing price at $4.81. Over the last six months, insiders were net buyers of 6,485,900 shares, which represents about 4.94% of the company's 131.39M share float.

4. Vistaprint N.V. (NASDAQ:VPRT): Operates as an online provider of marketing products and services to micro businesses worldwide. Market cap at $1.1B, most recent closing price at $32.86. Over the last six months, insiders were net buyers of 407,761 shares, which represents about 1.84% of the company's 22.12M share float.

5. 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 $1.45B, most recent closing price at $26.71. Over the last six months, insiders were net buyers of 500,000 shares, which represents about 1.13% of the company's 44.43M share float.

*Insider data sourced from Yahoo Finance.

Source: 5 Highly Shorted Stocks Being Bought By Insiders