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The following is a list of stocks with a high level of short interest (i.e. short float greater than 15%). All of these stocks have a track record of outperforming analyst expectations, as seen by comparing actual earnings results to expected earnings.

If you're looking for a few short squeeze candidates, this list might be an interesting starting point. To access a complete analysis of earnings surprises mentioned below, click here.

Earnings surprise data sourced from AOL Money, short float data sourced from Finviz.

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The list has been sorted by average surprise relative to analyst earnings estimates.

1. Cavium Networks, Inc. (NASDAQ:CAVM): Semiconductor Industry. Market cap of $1.53B. The company has beaten analyst earnings estimates by an average of 90.82% over the past year. Short float at 26.45%, which implies a short ratio of 8.34 days. The stock has gained 66.36% over the last year.

2. Acorda Therapeutics, Inc. (NASDAQ:ACOR): Biotechnology Industry. Market cap of $1.07B. The company has beaten analyst earnings estimates by an average of 85.01% over the past year. Short float at 17.14%, which implies a short ratio of 8.83 days. The stock has gained 17.34% over the last year.

3. Logitech International SA (NASDAQ:LOGI): Computer Peripherals Industry. Market cap of $3.57B. The company has beaten analyst earnings estimates by an average of 84.4% over the past year. Short float at 19.45%, which implies a short ratio of 17.41 days. The stock has gained 17.07% over the last year.

4. NetSuite Inc. (NYSE:N): Business Software & Services Industry. Market cap of $1.43B. The company has beaten analyst earnings estimates by an average of 75.85% over the past year. Short float at 18.95%, which implies a short ratio of 10.68 days. The stock has gained 51.53% over the last year.

5. Clean Energy Fuels Corp. (NASDAQ:CLNE): Gas Utilities Industry. Market cap of $920.2M. The company has beaten analyst earnings estimates by an average of 71.48% over the past year. Short float at 20.15%, which implies a short ratio of 8.27 days. The stock has gained 14.74% over the last year.

6. United Rentals, Inc. (NYSE:URI): Rental & Leasing Services Industry. Market cap of $1.2B. The company has beaten analyst earnings estimates by an average of 70.4% over the past year. Short float at 15.7%, which implies a short ratio of 5.23 days. The stock has gained 121.75% over the last year.

7. KB Home (NYSE:KBH): Residential Construction Industry. Market cap of $1.05B. The company has beaten analyst earnings estimates by an average of 69.46% over the past year. Short float at 23.27%, which implies a short ratio of 6.02 days. The stock has lost -18.97% over the last year.

8. DineEquity, Inc. (NYSE:DIN): Restaurants Industry. Market cap of $910.13M. The company has beaten analyst earnings estimates by an average of 62.37% over the past year. Short float at 18.35%, which implies a short ratio of 11.16 days. The stock has gained 115.54% over the last year.

9. Cabela's Inc. (NYSE:CAB): Sporting Goods Stores Industry. Market cap of $1.51B. The company has beaten analyst earnings estimates by an average of 55.28% over the past year. Short float at 22.01%, which implies a short ratio of 21.41 days. The stock has gained 71.65% over the last year.

10. hhgregg, Inc. (NYSE:HGG): Electronics Stores Industry. Market cap of $897.83M. The company has beaten analyst earnings estimates by an average of 54.8% over the past year. Short float at 29.14%, which implies a short ratio of 16.34 days. The stock has gained 24.75% over the last year.

11. OpenTable, Inc. (NASDAQ:OPEN): Business Services Industry. Market cap of $1.49B. The company has beaten analyst earnings estimates by an average of 46.8% over the past year. Short float at 24.02%, which implies a short ratio of 8.02 days. The stock has gained 137.59% over the last year.

12. Greenhill & Co., Inc. (NYSE:GHL): Investment Brokerage Industry. Market cap of $2.33B. The company has beaten analyst earnings estimates by an average of 41.52% over the past year. Short float at 15.36%, which implies a short ratio of 16.67 days. The stock has lost -7.62% over the last year.

13. Texas Industries Inc. (NYSE:TXI): Cement Industry. Market cap of $1.05B. The company has beaten analyst earnings estimates by an average of 39.82% over the past year. Short float at 23.14%, which implies a short ratio of 19.22 days. The stock has gained 8.69% over the last year.

14. Under Armour, Inc. (NYSE:UA): Apparel Clothing Industry. Market cap of $2.54B. The company has beaten analyst earnings estimates by an average of 38.92% over the past year. Short float at 15.74%, which implies a short ratio of 7.53 days. The stock has gained 78.62% over the last year.

15. NuVasive, Inc. (NASDAQ:NUVA): Medical Instruments & Supplies Industry. Market cap of $976.62M. The company has beaten analyst earnings estimates by an average of 37.35% over the past year. Short float at 20.31%, which implies a short ratio of 7.5 days. The stock has lost -37.07% over the last year.

16. J. Crew Group, Inc. (JCG): Apparel Stores Industry. Market cap of $2.16B. The company has beaten analyst earnings estimates by an average of 34.84% over the past year. Short float at 27.05%, which implies a short ratio of 6.29 days. The stock has lost -21.26% over the last year.

17. Robbins & Myers Inc. (NYSE:RBN): Diversified Machinery Industry. Market cap of $973.97M. The company has beaten analyst earnings estimates by an average of 34.55% over the past year. Short float at 15.6%, which implies a short ratio of 12.21 days. The stock has gained 20.66% over the last year.

18. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): Processed & Packaged Goods Industry. Market cap of $4.14B. The company has beaten analyst earnings estimates by an average of 32.24% over the past year. Short float at 22.88%, which implies a short ratio of 6.17 days. The stock has gained 37.51% over the last year.

19. TCF Financial Corporation (NYSE:TCB): Banking Industry. Market cap of $1.98B. The company has beaten analyst earnings estimates by an average of 30.33% over the past year. Short float at 18%, which implies a short ratio of 11.26 days. The stock has gained 18.38% over the last year.

20. American Superconductor Corporation (NASDAQ:AMSC): Diversified Electronics Industry. Market cap of $1.59B. The company has beaten analyst earnings estimates by an average of 29.47% over the past year. Short float at 28.65%, which implies a short ratio of 15.88 days. The stock has gained 11.19% over the last year.

21. Teradyne Inc. (NYSE:TER): Semiconductor Equipment & Materials Industry. Market cap of $2.14B. The company has beaten analyst earnings estimates by an average of 26.41% over the past year. Short float at 15.34%, which implies a short ratio of 4.17 days. The stock has gained 33.26% over the last year.

22. Skechers USA Inc. (NYSE:SKX): Apparel Footwear & Accessories Industry. Market cap of $967.37M. The company has beaten analyst earnings estimates by an average of 26.26% over the past year. Short float at 19.33%, which implies a short ratio of 2.86 days. The stock has lost -14.48% over the last year.

23. DSW Inc. (NYSE:DSW): Apparel Stores Industry. Market cap of $1.63B. The company has beaten analyst earnings estimates by an average of 25.92% over the past year. Short float at 27.67%, which implies a short ratio of 9.9 days. The stock has gained 77.63% over the last year.

24. Lululemon Athletica Inc. (NASDAQ:LULU): Apparel Clothing Industry. Market cap of $3.31B. The company has beaten analyst earnings estimates by an average of 25.13% over the past year. Short float at 19.61%, which implies a short ratio of 7.96 days. The stock has gained 72.2% over the last year.

25. NetLogic Microsystems Inc. (NASDAQ:NETL): Semiconductor Industry. Market cap of $1.88B. The company has beaten analyst earnings estimates by an average of 23.51% over the past year. Short float at 28.82%, which implies a short ratio of 8.73 days. The stock has gained 40.35% over the last year.

26. Diamond Foods, Inc. (NASDAQ:DMND): Processed & Packaged Goods Industry. Market cap of $1.B. The company has beaten analyst earnings estimates by an average of 22.71% over the past year. Short float at 28.25%, which implies a short ratio of 24.35 days. The stock has gained 56.18% over the last year.

27. M&T Bank Corp. (NYSE:MTB): Regional Bank. Market cap of $9.7B. The company has beaten analyst earnings estimates by an average of 21.74% over the past year. Short float at 16.69%, which implies a short ratio of 9.19 days. The stock has gained 34.9% over the last year.

28. Valero Energy Corp. (NYSE:VLO): Oil & Gas Refining & Marketing Industry. Market cap of $11.05B. The company has beaten analyst earnings estimates by an average of 20.48% over the past year. Short float at 21.79%, which implies a short ratio of 1.76 days. The stock has gained 15.64% over the last year.

29. Aruba Networks, Inc. (NASDAQ:ARUN): Networking & Communication Devices Industry. Market cap of $2.1B. The company has beaten analyst earnings estimates by an average of 20.3% over the past year. Short float at 16.34%, which implies a short ratio of 6.2 days. The stock has gained 128.95% over the last year.

Disclosure: No positions

Source: Squeeze Ideas: 29 Highly Shorted but Outperforming Stocks