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The following is a list of stocks reaching new 52-week highs, with increasing short interest over the last three months.

To compile this list we started with a universe of over 100 stocks reaching new highs, then narrowed it down by considering the change in the short float from Aug. 13 to Nov. 15.

Short traders seem to think these rallies are running out of steam; what do you think? Full details below.

Short ratio data sourced from Finviz, short trends data sourced from AOL Money.

(Click for expanded images)



The list has been sorted by change in shares shorted. Note: All short trends described occurred between 8/13 - 11/15.

1. iGATE Corporation (NASDAQ:IGTE): Information Technology Services Industry. Market cap of $1.39B. Shorted shares have increased from 1.1M to 3.38M (+207% increase). Short float at 11.71%, which implies a short ratio of 5.36 days. The stock has gained 169.6% over the last year.

2. MTS Systems Corp. (NASDAQ:MTSC): Scientific & Technical Instruments Industry. Market cap of $588.43M. Shorted shares have increased from 504K to 1.05M (+108% increase). Short float at 6.93%, which implies a short ratio of 23.39 days. The stock has gained 54.49% over the last year.

3. Avago Technologies Limited (NASDAQ:AVGO): Semiconductor Industry. Market cap of $6.44B. Shorted shares have increased from 1.1M to 2.24M (+104% increase). Short float at 2.09%, which implies a short ratio of 2.7 days. The stock has gained 69.74% over the last year.

4. Phillips-Van Heusen Corp. (NYSE:PVH): Textile Industry. Market cap of $4.5B. Shorted shares have increased from 2.21M to 4.15M (+88% increase). Short float at 6.47%, which implies a short ratio of 4.22 days. The stock has gained 65.35% over the last year.

5. Cameron International Corporation (NYSE:CAM): Oil & Gas Equipment & Services Industry. Market cap of $11.84B. Shorted shares have increased from 5.03M to 8.74M (+74% increase). Short float at 3.65%, which implies a short ratio of 2.65 days. The stock has gained 31.07% over the last year.

6. Mercury Computer Systems, Inc. (NASDAQ:MRCY): Computer Peripherals Industry. Market cap of $424.59M. Shorted shares have increased from 747K to 1.04M (+39% increase). Short float at 4.34%, which implies a short ratio of 9.4 days. The stock has gained 64.28% over the last year.

7. Del Monte Foods Co. (DLM): Processed & Packaged Goods Industry. Market cap of $3.65B. Shorted shares have increased from 6.04M to 7.86M (+30% increase). Short float at 4.07%, which implies a short ratio of 1.8 days. The stock has gained 80.61% over the last year.

8. Foot Locker, Inc. (NYSE:FL): Apparel Stores Industry. Market cap of $2.97B. Shorted shares have increased from 7.2M to 9.36M (+30% increase). Short float at 6.07%, which implies a short ratio of 3.09 days. The stock has gained 100.11% over the last year.

9. ION Geophysical Corporation (NYSE:IO): Scientific & Technical Instruments Industry. Market cap of $1.1B. Shorted shares have increased from 6.82M to 8.81M (+29% increase). Short float at 7.49%, which implies a short ratio of 6.38 days. The stock has gained 28.11% over the last year.

10. Theravance Inc. (NASDAQ:THRX): Biotechnology Industry. Market cap of $1.86B. Shorted shares have increased from 5.89M to 7.57M (+29% increase). Short float at 12.28%, which implies a short ratio of 14.88 days. The stock has gained 91.93% over the last year.

11. Herbalife Ltd. (NYSE:HLF): Drug Related Products Industry. Market cap of $4.13B. Shorted shares have increased from 1.8M to 2.28M (+27% increase). Short float at 3.89%, which implies a short ratio of 3.99 days. The stock has gained 67.39% over the last year.

12. Concho Resources, Inc. (NYSE:CXO): Oil & Gas Drilling & Exploration Industry. Market cap of $8.23B. Shorted shares have increased from 3.79M to 4.65M (+23% increase). Short float at 5.07%, which implies a short ratio of 6.17 days. The stock has gained 100.83% over the last year.

13. RPC Inc. (NYSE:RES): Oil & Gas Equipment & Services Industry. Market cap of $2.85B. Shorted shares have increased from 3.93M to 4.75M (+21% increase). Short float at 16.5%, which implies a short ratio of 8.24 days. The stock has gained 204.64% over the last year.

14. Tesoro Corporation (NYSE:TSO): Oil & Gas Refining & Marketing Industry. Market cap of $2.34B. Shorted shares have increased from 15.49M to 18.6M (+20% increase). Short float at 13.17%, which implies a short ratio of 4.67 days. The stock has gained 29% over the last year.

15. FMC Technologies, Inc. (NYSE:FTI): Oil & Gas Equipment & Services Industry. Market cap of $10.12B. Shorted shares have increased from 5.58M to 6.65M (+19% increase). Short float at 5.59%, which implies a short ratio of six days. The stock has gained 57.05% over the last year.

16. Heartware International Inc. (NASDAQ:HTWR): Medical Instruments & Supplies Industry. Market cap of $1.26B. Shorted shares have increased from 756K to 895K (+18% increase). Short float at 7.3%, which implies a short ratio of 10 days. The stock has gained 175.35% over the last year.

17. Polycom, Inc. (NASDAQ:PLCM): Processing Systems & Products Industry. Market cap of $3.13B. Shorted shares have increased from 6.05M to 6.89M (+14% increase). Short float at 8.12%, which implies a short ratio of 4.14 days. The stock has gained 68.55% over the last year.

18. Chipotle Mexican Grill, Inc. (NYSE:CMG): Restaurants Industry. Market cap of $7.95B. Shorted shares have increased from 3.2M to 3.53M (+10% increase). Short float at 11.63%, which implies a short ratio of 4.29 days. The stock has gained 208.42% over the last year.

19. Spreadtrum Communications Inc. (NASDAQ:SPRD):
Semiconductor Industry. Market cap of $781.18M. Shorted shares have increased from 1.56M to 1.72M (+10% increase). Short float at 4.66%, which implies a short ratio of 1.3 days. The stock has gained 252.67% over the last year.


Disclosure: No positions.

Source: 19 Stocks Reaching 52-Week Highs, Targeted by Short Sellers