The following is a list of the 10 most and least shorted tech stocks, according to the short ratio. The ratio expresses the total number of shares shorted as a multiple of the average daily volume, i.e. the short ratio shows how many days of average volume are needed to cover all short positions.

We're not going to go into detailed analysis for each company. The goal here is to give you a starting point for your own analysis.

Short float data sourced from Finviz.

**Top 10 Most Shorted Tech Stocks (By Short Ratio)**

Short sellers seem to think there's significant downside attached to these names. But how many of these names could surprise to the upside and force a short squeeze?

*1. Blackboard Inc. (NASDAQ:BBBB): *Multimedia & Graphics Software Industry. Market cap of $1.43B. Short float at 36.73%, which implies a short ratio of 31.25 days. The stock has gained 16.62% over the last year.

*2. Avid Technology Inc. (NASDAQ:AVID):* Multimedia & Graphics Software Industry. Market cap of $483.87M. Short float at 7.68%, which implies a short ratio of 29.62 days. The stock has gained 3.59% over the last year.

*3. MTS Systems Corp. (NASDAQ:MTSC): *Scientific & Technical Instruments Industry. Market cap of $546.94M. Short float at 7.51%, which implies a short ratio of 25.55 days. The stock has gained 28.8% over the last year.

*4. Cbeyond, Inc. (NASDAQ:CBEY):* Diversified Communication Services Industry. Market cap of $435.49M. Short float at 15.01%, which implies a short ratio of 24.92 days. The stock has gained 7.13% over the last year.

*5. Quality Systems Inc. (NASDAQ:QSII): *Healthcare Information Services Industry. Market cap of $1.82B. Short float at 30.86%, which implies a short ratio of 24.15 days. The stock has gained 5.39% over the last year.

*6. Tyler Technologies, Inc. (NYSE:TYL): *Technical & System Software Industry. Market cap of $713.51M. Short float at 13.57%, which implies a short ratio of 22.86 days. The stock has gained 10.05% over the last year.

*7. Advent Software, Inc. (NASDAQ:ADVS): *Application Software Industry. Market cap of $1.38B. Short float at 9.44%, which implies a short ratio of 22.76 days. The stock has gained 39.87% over the last year.

*8. Iridium Communications Inc. (NASDAQ:IRDM): *Communication Equipment Industry. Market cap of $599.23M. Short float at 13.49%, which implies a short ratio of 22.53 days. The stock has lost -3.83% over the last year.

*9. Cepheid (NASDAQ:CPHD): *Scientific & Technical Instruments Industry. Market cap of $1.22B. Short float at 14.89%, which implies a short ratio of 21.87 days. The stock has gained 56.25% over the last year.

*10. Stratasys Inc. (NASDAQ:SSYS):* Computer Peripherals Industry. Market cap of $659.88M. Short float at 18.51%, which implies a short ratio of 21.73 days. The stock has gained 102.15% over the last year.

*click for expanded image*s

**Top 10 Least Shorted Tech Stocks (By Short Ratio)**

Short sellers seem to be avoiding the following stocks. Do you agree with them that there's more upside to these names?

*1. Shanda Games Limited (NASDAQ:GAME):* Multimedia & Graphics Software Industry. Market cap of $1.86B. Short float at 0.7%, which implies a short ratio of 0.49 days. The stock has lost -37.1% over the last year.

*2. Orbotech Ltd. (NASDAQ:ORBK): *Diversified Electronics Industry. Market cap of $370.32M. Short float at 0.11%, which implies a short ratio of 0.5 days. The stock has gained 12.74% over the last year.

*3. Radware Ltd. (NASDAQ:RDWR):* Information Technology Services Industry. Market cap of $648.04M. Short float at 2.64%, which implies a short ratio of 0.56 days. The stock has gained 194.37% over the last year.

*4. China Digital TV Holding Co., Ltd. (NYSE:STV):* Application Software Industry. Market cap of $362.25M. Short float at 0.21%, which implies a short ratio of 0.57 days. The stock has lost -7.3% over the last year.

*5. Apple Inc. (NASDAQ:AAPL):* Personal Computers Industry. Market cap of $283.78B. Short float at 1.27%, which implies a short ratio of 0.62 days. The stock has gained 63.41% over the last year.

*6. B Communications Ltd (NASDAQ:BCOM):* Diversified Communication Services Industry. Market cap of $952.3M. Short float at 0.02%, which implies a short ratio of 0.62 days. The stock has gained 124.68% over the last year.

*7. Partner Communications Company Ltd. (NASDAQ:PTNR):* Wireless Communications Industry. Market cap of $3.14B. Short float at 0.15%, which implies a short ratio of 0.68 days. The stock has gained 34.88% over the last year.

*8. Baidu, Inc. (NASDAQ:BIDU): *Internet Information Providers Industry. Market cap of $38.16B. Short float at 2.88%, which implies a short ratio of 0.78 days. The stock has gained 191.82% over the last year.

*9. Hewlett-Packard Company (NYSE:HPQ):* Diversified Computer Systems Industry. Market cap of $97.31B. Short float at 0.99%, which implies a short ratio of 0.8 days. The stock has lost -10.29% over the last year.

*10. Intel Corporation (NASDAQ:INTC):* Semiconductor - Broad Line Industry. Market cap of $113.25B. Short float at 1.04%, which implies a short ratio of 0.83 days. The stock has gained 10.3% over the last year.

**Disclosure: **No positions