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The following is a list of stocks that have hit a new high during recent sessions. All of these stocks have conservative accounting practices, according to the ratings developed by forensic accounting firm Audit Integrity.

Audit Integrity was founded in 2002 to develop risk management tools based on a statistical analysis of corporate integrity. The Accounting and Governance Risk (AGR) rating is a forensic measure of the transparency and reliability of a corporation’s financial reporting and governance practices. The closer the score is to 100, the more conservative the company's accounting practices, according to Audit Integrity.

All the companies in this list have high AGR scores above 70, i.e. more conservative and transparent accounting practices than most other firms.

This list might offer an interesting starting point to momentum investors looking for quality companies.

AGR scores sourced from Audit Integrity, short float and performance data sourced from Finviz.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.


The list has been sorted by AGR score.

1. Finisar Corp. (NASDAQ:FNSR): Networking & Communication Devices Industry. Market cap of $2.49B. According to Audit Integrity, the company's accounting practices are Conservative, with an AGR score of 94. Short float at 13.05%, which implies a short ratio of 3.02 days. The stock has gained 210.99% over the last year.

2. Alliance Resource Partners LP (NASDAQ:ARLP):
Industrial Metals & Minerals Industry. Market cap of $2.53B. According to Audit Integrity, the company's accounting practices are Conservative, with an AGR score of 91. Short float at 1.66%, which implies a short ratio of 3.7 days. The stock has gained 66.32% over the last year.

3. Jabil Circuit Inc. (NYSE:JBL): Printed Circuit Boards Industry. Market cap of $4.67B. According to Audit Integrity, the company's accounting practices are Conservative, with an AGR score of 90. Short float at 2.71%, which implies a short ratio of 1.39 days. The stock has gained 24.49% over the last year.

4. Hess Corporation (NYSE:HES): Oil & Gas Refining & Marketing Industry. Market cap of $26.02B. According to Audit Integrity, the company's accounting practices are Conservative, with an AGR score of 89. Short float at 2.18%, which implies a short ratio of 2.21 days. The stock has gained 22.79% over the last year.

5. NetApp, Inc. (NASDAQ:NTAP): Data Storage Devices Industry. Market cap of $20.78B. According to Audit Integrity, the company's accounting practices are Conservative, with an AGR score of 88. Short float at 5.17%, which implies a short ratio of 3.14 days. The stock has gained 72.8% over the last year.

6. AGCO Corporation (NYSE:AGCO): Farm & Construction Machinery Industry. Market cap of $4.87B. According to Audit Integrity, the company's accounting practices are Conservative, with an AGR score of 87. Short float at 5.7%, which implies a short ratio of 3.36 days. The stock has gained 56.75% over the last year.

7. Cypress Semiconductor Corporation (NASDAQ:CY): Semiconductor Industry. Market cap of $3.14B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 82. Short float at 6.19%, which implies a short ratio of 2.76 days. The stock has gained 73.9% over the last year.

8. Packaging Corp. of America (NYSE:PKG): Packaging & Containers Industry. Market cap of $2.79B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 82. Short float at 2.12%, which implies a short ratio of 2.67 days. The stock has gained 19.41% over the last year.

9. Cognizant Technology Solutions Corp. (NASDAQ:CTSH): Business Software & Services Industry. Market cap of $22.92B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 78. Short float at 1.89%, which implies a short ratio of 2.28 days. The stock has gained 65.81% over the last year.

10. Eastman Chemical Co. (NYSE:EMN):
Chemicals Industry. Market cap of $6.29B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 75. Short float at 8.13%, which implies a short ratio of 6.09 days. The stock has gained 47.71% over the last year.

11. Reinsurance Group of America Inc. (NYSE:RGA): Life Insurance Industry. Market cap of $3.5B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 75. Short float at 3.28%, which implies a short ratio of 5.16 days. The stock has gained 14.58% over the last year.

12. HCC Insurance Holdings Inc. (NYSE:HCC):
Property & Casualty Insurance Industry. Market cap of $3.39B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 74. Short float at 0.66%, which implies a short ratio of 1.65 days. The stock has gained 7.1% over the last year.

13. SanDisk Corp. (NASDAQ:SNDK): Semiconductor Industry. Market cap of $12.37B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 74. Short float at 5.6%, which implies a short ratio of 1.44 days. The stock has gained 73.63% over the last year.

14. The Blackstone Group (NYSE:BX): Asset Management Industry. Market cap of $18.43B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 73. Short float at 0.42%, which implies a short ratio of 1.57 days. The stock has gained 11.13% over the last year.

15. National Instruments Corporation (NASDAQ:NATI):
Technical & System Software Industry. Market cap of $3.02B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 73. Short float at 0.8%, which implies a short ratio of 2.36 days. The stock has gained 31.91% over the last year.

16. Skyworks Solutions Inc. (NASDAQ:SWKS):
Semiconductor Industry. Market cap of $5.53B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 73. Short float at 8.29%, which implies a short ratio of 4.17 days. The stock has gained 104.55% over the last year.

17. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN): Biotechnology Industry. Market cap of $2.82B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 72. Short float at 11.15%, which implies a short ratio of 10.07 days. The stock has gained 39.64% over the last year.

18. Riverbed Technology, Inc. (NASDAQ:RVBD): Networking & Communication Devices Industry. Market cap of $5.65B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 72. Short float at 7.48%, which implies a short ratio of 2.18 days. The stock has gained 220.5% over the last year.

19. Tenet Healthcare Corp. (NYSE:THC): Hospitals Industry. Market cap of $3.34B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 72. Short float at 2.43%, which implies a short ratio of 1.03 days. The stock has gained 14.31% over the last year.

20. Weyerhaeuser Co. (NYSE:WY):
REIT. Market cap of $10.73B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 72. Short float at 3.24%, which implies a short ratio of 3.86 days. The stock has gained 22.15% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 20 Companies With Conservative Accounting Practices Hitting New Highs