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The following is a list of stocks that have just rallied to a new high. Short sellers, it seems, don't think the upward momentum of these stocks will be reversing any time soon. The details of our screen are as follows:

  1. All stocks have just reached a new high on significant volume (we focus on relative volume, which measures this morning's volume change to the 3 month average volume).
  2. All stocks have short ratios lower than two days (meaning that it will take less than two days of trading volume to cover all short positions).

(Click for expanded image)

1. Oxford Resource Partners, L.P. (OXF): Industrial Metals and Minerals Industry. Market cap of $184.73M. Short float at 0.35%, which implies a short ratio of 0.21 days. Relative volume at 2.87.

2. Ameresco, Inc. (NYSE:AMRC): Industrial Electrical Equipment Industry. Market cap of $149.13M. Short float at 0.85%, which implies a short ratio of 0.31 days. Relative volume at 3.12.

3. BBVA Banco Frances S.A. (NYSE:BFR): Foreign Regional Banks Industry. Market cap of $1.53B. Short float at 0.27%, which implies a short ratio of 0.49 days. Relative volume at 6.04.

4. Potash Corp. of Saskatchewan, Inc. (NYSE:POT): Agricultural Chemicals Industry. Market cap of $44.39B. Short float at 1.52%, which implies a short ratio of 0.73 days. Relative volume at 4.86.

5. Nevsun Resources Ltd. (NYSEMKT:NSU): Gold Industry. Market cap of $861.74M. Short float at 0.23%, which implies a short ratio of 0.77 days. Relative volume at 2.54.

6. JinkoSolar Holding Co., Ltd. (NYSE:JKS): Industrial Electrical Equipment Industry. Market cap of $2.15B. Short float at 0.22%, which implies a short ratio of 1.22 days. Relative volume at 18.22.

7. Alliance Resource Partners LP (NASDAQ:ARLP): Industrial Metals & Minerals Industry. Market cap of $1.96B. Short float at 0.65%, which implies a short ratio of 1.41 days. Relative volume at 2.91.

8. Unica Corporation (UNCA): Business Software & Services Industry. Market cap of $448.05M. Short float at 3.35%, which implies a short ratio of 1.67 days. Relative volume at 3.42.

9. Acme Packet, Inc. (NASDAQ:APKT): Communication Equipment Industry. Market cap of $2.02B. Short float at 5.15%, which implies a short ratio of 1.7 days. Relative volume at 2.71.

Disclosure: No positions

Source: 9 Stocks Reaching New Highs That Are Being Avoided by Short Sellers