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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 (IMAX): Operates as an entertainment technology company worldwide. Market cap at $1.6B, most recent closing price at $24.02. Over the last six months, insiders were net buyers of 1,134,002 shares, which represents about 2.04% of the company's 55.62M share float. Short float at 23.89%. The two top holders of the stock are Kevin Douglas and Richard Gelfond.

2. Infinity Pharmaceuticals, Inc. (INFI): Engages in the discovery and development of medicines for the treatment of cancer and other conditions in the United States. Market cap at $1.38B, most recent closing price at $35.06. Over the last six months, insiders were net buyers of 5,158,726 shares, which represents about 19.81% of the company's 26.04M share float. Short float at 20.7%. The two top holders of the stock are Beacon Co., and Rosebay Medical Co. LP.

3. Molycorp, Inc. (MCP): Focuses on the production and sale of rare earth oxides from stockpiled feedstocks in the western hemisphere. Market cap at $1.09B, most recent closing price at $7.88. 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. Short float at 24.65%. The twp top holders of the stock are Ross Bhappu, and Molibdenos Y Metales S.A.

4. Vistaprint N.V. (VPRT): Operates as an online provider of marketing products and services to micro businesses worldwide. Market cap at $1.26B, most recent closing price at $36.87. Over the last six months, insiders were net buyers of 407,761 shares, which represents about 1.84% of the company's 22.11M share float. Short float at 26.2%. The two top holders of the stock are Thomas Smith and Prescott General Partners.

5. Westport Innovations Inc. (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 $1.57B, most recent closing price at $28.43. Over the last six months, insiders were net buyers of 500,000 shares, which represents about 1.12% of the company's 44.55M share float. Short float at 27.42%. Kevin Douglas is the largest shareholder of the stock. He owns more than 10% of the company's stock.

*Insider data sourced from Yahoo Finance.

Source: 5 Highly Shorted Stocks Being Bought By Insiders