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The following is a list of stocks that are approaching new 52-week lows. All of these stocks have seen a sharp increase in shares shorted over the last three months.

Short sellers seem to think there's more downside to these names. Or will the inevitable short-covering put a floor under the stock prices? What do you think?

Short trends data sourced from AOL Money, with all trends described occurring between 7/15 - 10/15. We've also included data on current short float, sourced from Finviz.

click for expanded image

The list has been sorted by change in shares shorted.

1. Mitsubishi UFJ Financial Group, Inc. (NYSE:MTU): Money Center Banks Industry. Market cap of $64B. As of Oct. 15, 3.8M shares were being shorted vs. 1.34M shares shorted on Jul. 15 (+183.58% change). Short float at 0.03%, which implies a short ratio of 1.83 days. The stock has lost -14.69% over the last year.

2. Regions Financial Corp. (NYSE:RF): Regional Banks Industry. Market cap of $7.82B. As of Oct. 15, 44.76M shares were being shorted vs. 22.38M shares shorted on Jul. 15 (+100.0% change). Short float at 3.57%, which implies a short ratio of 2.81 days. The stock has gained 29.52% over the last year.

3. Citi Trends (NASDAQ:CTRN): Apparel Stores Industry. Market cap of $308.52M. As of Oct. 15, 1.59M shares were being shorted vs. 810,372 shares shorted on Jul. 15 (+96.21% change). Short float at 10.96%, which implies a short ratio of 7.43 days. The stock has lost -21.04% over the last year.

4. TCF Financial Corporation (NYSE:TCB): Money Center Banks Industry. Market cap of $1.86B. As of Oct. 15, 23.23M shares were being shorted vs. 14.26M shares shorted on Jul. 15 (+62.9% change). Short float at 18.19%, which implies a short ratio of 12.44 days. The stock has gained 11.9% over the last year.

5. MB Financial Inc. (NASDAQ:MBFI): Regional Banks Industry. Market cap of $793.75M. As of Oct. 15, 4.02M shares were being shorted vs. 3.32M shares shorted on Jul. 15 (+21.08% change). Short float at 7.82%, which implies a short ratio of 12.62 days. The stock has lost -17.54% over the last year.

6. Glacier Bancorp Inc. (NASDAQ:GBCI): Regional Banks Industry. Market cap of $935.68M. As of Oct. 15, 7.38M shares were being shorted vs. 6.84M shares shorted on Jul. 15 (+7.89% change). Short float at 10.58%, which implies a short ratio of 18.34 days. The stock has gained 2.93% over the last year.

7. PulteGroup, Inc. (NYSE:PHM): Residential Construction Industry. Market cap of $2.98B. As of Oct. 15, 42.33M shares were being shorted vs. 39.41M shares shorted on Jul. 15 (+7.41% change). Short float at 12.51%, which implies a short ratio of 6.25 days. The stock has lost -13.54% over the last year.

8. FirstMerit Corporation (NASDAQ:FMER): Regional Banks Industry. Market cap of $1.83B. As of Oct. 15, 7.1M shares were being shorted vs. 6.7M shares shorted on Jul. 15 (+5.97% change). Short float at 6.58%, which implies a short ratio of 10.05 days. The stock has lost -8.02% over the last year.

9. Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL): Regional Banks Industry. Market cap of $588.67M. As of Oct. 15, 1.33M shares were being shorted vs. 1.28M shares shorted on Jul. 15 (+3.91% change). Short float at 3.82%, which implies a short ratio of 10.98 days. The stock has lost -21.84% over the last year.

Disclosure: No positions

Source: 9 Stocks Approaching New Lows Being Targeted by Short Sellers