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If you're a contrarian, the following list might offer an interesting starting point for your own analysis.

Here is a list of companies trading 0-10% above their 52-week low. All of these stocks have seen a recent increase in the Put/Call ratio, which is based on open interest of option contracts.

In other words, because the stocks mentioned below have a high number of open put option positions relative to call option positions, contrarians would think most of the stocks mentioned below are set for a rally. Do you agree?

Options data sourced from Schaeffer's, short float and performance data sourced from Finviz. (Please note: All changes in the Put/Call ratio occur between 2/16 - 3/02)

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six 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 the change in the Put/Call ratio.

1. Republic Bancorp Inc. (NASDAQ:RBCAA): Regional Bank. Market cap of $370.85M. Current Put/Call ratio at 12 vs. previous Put/Call ratio at 0.49 (2348.98% change). The stock is a short squeeze candidate, with a short float at 6.3% (equivalent to 12.79 days of average volume). The stock has gained 2.49% over the last year.

2. China Real Estate Information Corporation (NASDAQ:CRIC): Internet Information Providers Industry. Market cap of $947.56M. Current Put/Call ratio at 2.88 vs. previous Put/Call ratio at 0.89 (223.6% change). It's been a rough couple of days for the stock, losing 5.82% over the last week.

3. Genpact Ltd. (NYSE:G): Management Services Industry. Market cap of $2.98B. Current Put/Call ratio at 1.47 vs. previous Put/Call ratio at 0.65 (126.15% change). The stock has lost 9.87% over the last year.

4. Orbitz Worldwide, Inc. (NYSE:OWW): General Entertainment Industry. Market cap of $342.74M. Current Put/Call ratio at 0.61 vs. previous Put/Call ratio at 0.32 (90.63% change). This is a risky stock that is significantly more volatile than the overall market (beta = 2.5). The stock is currently stuck in a downtrend, trading -21.41% below its SMA20, -32.7% below its SMA50, and -36.81% below its SMA200. In addition, it's been a rough couple of days for the stock, losing 9.21% over the last week.

5. Genco Shipping & Trading Ltd. (GNK): Shipping Industry. Market cap of $426.0M. Current Put/Call ratio at 1.69 vs. previous Put/Call ratio at 1 (69.0% change). This is a risky stock that is significantly more volatile than the overall market (beta = 2.17). The stock has lost 44.8% over the last year.

6. Excel Maritime Carriers, Ltd. (NYSE:EXM): Shipping Industry. Market cap of $390.81M. Current Put/Call ratio at 1.79 vs. previous Put/Call ratio at 1.2 (49.17% change). The stock has lost 19.57% over the last year.

7. MedAssets, Inc. (NASDAQ:MDAS): Healthcare Information Services Industry. Market cap of $827.36M. Current Put/Call ratio at 0.94 vs. previous Put/Call ratio at 0.68 (38.24% change). The stock is a short squeeze candidate, with a short float at 10.36% (equivalent to 7.07 days of average volume). It's been a rough couple of days for the stock, losing 30.89% over the last week.

8. Clearwire Corporation (CLWR): Wireless Communications Industry. Market cap of $1.18B. Current Put/Call ratio at 2.44 vs. previous Put/Call ratio at 1.89 (29.1% change). The stock is a short squeeze candidate, with a short float at 21.43% (equivalent to 6.9 days of average volume). The stock is currently stuck in a downtrend, trading -10.8% below its SMA20, -10.92% below its SMA50, and -27.66% below its SMA200.

9. JetBlue Airways Corporation (NASDAQ:JBLU): Regional Airlines Industry. Market cap of $1.64B. Current Put/Call ratio at 0.28 vs. previous Put/Call ratio at 0.24 (16.67% change). The stock is currently stuck in a downtrend, trading -6.35% below its SMA20, -13.25% below its SMA50, and -13.1% below its SMA200. The stock has gained 7.71% over the last year.

10. CoreLogic, Inc. (NYSE:CLGX): Surety & Title Insurance Industry. Market cap of $658.96M. Current Put/Call ratio at 1.67 vs. previous Put/Call ratio at 1.45 (15.17% change). It's been a rough couple of days for the stock, losing 10.1% over the last week.

11. Bebe Stores, Inc. (NASDAQ:BEBE): Apparel Stores Industry. Market cap of $484.91M. Current Put/Call ratio at 4.06 vs. previous Put/Call ratio at 3.58 (13.41% change). The stock has lost 30.57% over the last year.

12. Mobile Telesystems OJSC (NYSE:MBT): Wireless Communications Industry. Market cap of $17.71B. Current Put/Call ratio at 1.1 vs. previous Put/Call ratio at 1 (10.0% change). The stock has lost 65.49% over the last year.

Source: 12 Beaten Up Stocks Being Targeted by Short Sellers