The following is a list of heavily shorted stocks that are approaching an inflection point, based on moving average trends. For this article, we define an inflection point as the convergence between the 50-day and 200-day moving averages.

When these two moving averages cross, it often represents a shift in investor sentiment. If the 50-day MA moves above the 200-day MA (bullish), it's called a "Golden Cross" signal. If, on the other hand, the 50-day MA crosses below the 200-day MA (bearish), it's called the "Death Cross".

To compile this list, we started with a universe of stocks with short floats in excess of 10%. We then narrowed down the list by minimizing the difference between each stock's 50-day and 200-day moving averages.

*click for expanded images** 1. Avis Budget Group, Inc. (NASDAQ:CAR)*: Rental & Leasing Services Industry. Market cap of $1.10B. 50-day moving average and 200-day moving average at $10.81, vs. current price of $10.25. The stock has a short float of 15.06%, which implies a short ratio of 4.99 days.

*: Diversified Investments Industry. Market cap of $2.36B. 50-day moving average and 200-day moving average at $28.64, vs. current price of $22.80. The stock has a short float of 15.72%, which implies a short ratio of 1.55 days.*

**2. CBOE Holdings, Inc. (NASDAQ:CBOE)***: Industrial Electrical Equipment Industry. Market cap of $335.45M. 50-day and 200-day moving averages at $8.18, vs. current price of $7.78. The stock has a short float of 10.59%, which implies a short ratio of 17.63 days.*

**3. Daktronics Inc. (NASDAQ:DAKT)***: Drug Manufacturer. Market cap of $225.3M. 50-day moving average at $7.28, and 200-day moving average at $7.29, vs. current price of $7.42. The stock has a short float of 13.54%, which implies a short ratio of 9.86 days.*

**4. POZEN, Inc. (NASDAQ:POZN)***: Oil & Gas Refining & Marketing Industry. Market cap of $436.45M. 50-day moving average at $5.02, and 200-day moving average at $5.03, vs. current price of $4.70. The stock has a short float of 26.9%, which implies a short ratio of 6.83 days.*

**5. Western Refining Inc. (NYSE:WNR)***: Specialized Health Services Industry. Market cap of $1.67B. 50-day moving average at $18.69, and 200-day moving average at $18.71, vs. current price of $17.41. The stock has a short float of 13.53%, which implies a short ratio of 16.76 days.*

**6. HEALTHSOUTH Corp. (NYSE:HLS)***: ETF. Market cap of $344.84M. 50-day moving average at $40.61, and 200-day moving average at $40.63, vs. current price of $39.22. The ETF has a short float of 16.47%, which implies a short ratio of 6 days.*

**7. iShares Russell Microcap Index (NYSEARCA:IWC)***: Oil & Gas Drilling & Exploration Industry. Market cap of $1.17B. 50-day moving average at $9.61, and 200-day moving average at $9.59, vs. current price of $8.76. The stock has a short float of 11.14%, which implies a short ratio of 7.67 days.*

**8. Key Energy Services Inc. (NYSE:KEG)***: Regional Airlines Industry. Market cap of $633.77M. 50-day moving average at $5.08, and 200-day moving average at $5.06, vs. current price of $4.58. The stock has a short float of 14.04%, which implies a short ratio of 5.94 days.*

**9. AirTran Holdings Inc. (AAI)***: Personal Services Industry. Market cap of $499.34M. 50-day moving average at $5.40, and 200-day moving average at $5.37, vs. current price of $5.16. The stock has a short float of 14.47%, which implies a short ratio of 29.74 days.*

**10. Stewart Enterprises Inc. (NASDAQ:STEI)***: Drug Manufacturer. Market cap of $143.16M. 50-day moving average at $4.12, and 200-day moving average at $4.08, vs. current price of $4.10. The stock has a short float of 15.84%, which implies a short ratio of 2.59 days.*

**11. Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX)***: Regional Bank. Market cap of $252.8M. 50-day moving average at $28.98, and 200-day moving average at $28.94, vs. current price of $25.22. The stock has a short float of 10.48%, which implies a short ratio of 32.96 days.*

**12. Suffolk Bancorp (SUBK)***: Semiconductor Industry. Market cap of $242.36M. 50-day moving average at $4.71, and 200-day moving average at $4.66, vs. current price of $4.14. The stock has a short float of 12.14%, which implies a short ratio of 15.98 days.*

**13. Photronics Inc. (NASDAQ:PLAB)***: ETF. Market cap of $1.64B. 50-day moving average at $10.97, and 200-day moving average at $11.01, vs. current price of $10.93. The stock has a short float of 15.38%.*

**14. ELEMENTS BG Small Cap ETN (NYSE:BSC)***: Regional Bank. Market cap of $1.97B. 50-day moving average at $2.61, and 200-day moving average at $2.66, vs. current price of $2.38. The stock has a short float of 10.38%, which implies a short ratio of 4.11 days.*

15. Synovus Financial Corp. (NYSE:SNV)15. Synovus Financial Corp. (NYSE:SNV)

**Disclosure:**No positions