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When a stock begins to see a lot of short interest, it may be a contrarian indication that the stock’s sentiment is excessively bearish and a turnaround is imminent.

Here we ran a screen with that in mind. We searched for today’s bullish crossover stocks, with their 50-day moving average crossing above their 200-day MA. Among these stocks we searched for those with large increases in shares shorted month-over-month.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created an price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks deserve this new short interest? Use this list as a starting-off point for your own analysis.

List sorted by increase in shares shorted as a percent of share float.

1. Expedia Inc. (NASDAQ:EXPE): Lodging Industry. Market cap of $7.51B. SMA50 at $25.33 vs. SMA200 at $25.29 (price at $28.01). Shares shorted have increased month-over-month from 19.85M to 22.65M, a change representing 1.44% of the company's 193.98M share float. The stock has gained 33.66% over the last year.

2. Mindray Medical International Limited (NYSE:MR): Medical Instruments & Supplies Industry. Market cap of $3.16B. SMA50 at $27.68 vs. SMA200 at $27.39 (price at $27.29). Shares shorted have increased month-over-month from 13.55M to 14.42M, a change representing 1.09% of the company's 80.12M share float. The stock is a short squeeze candidate, with a short float at 17.36% (equivalent to 18.2 days of average volume). It's been a rough couple of days for the stock, losing 6.19% over the last week.

3. NuVasive, Inc. (NASDAQ:NUVA): Medical Instruments & Supplies Industry. Market cap of $1.34B. SMA50 at $30.14 vs. SMA200 at $28.68 (price at $34.62). Shares shorted have increased month-over-month from 6.28M to 6.58M, a change representing 0.76% of the company's 39.51M share float. The stock is a short squeeze candidate, with a short float at 16.66% (equivalent to 9.55 days of average volume). The stock has lost 11.77% over the last year.

4. Activision Blizzard, Inc. (NASDAQ:ATVI): Multimedia & Graphics Software Industry. Market cap of $13.11B. SMA50 at $11.40 vs. SMA200 at $11.29 (price at $11.45). Shares shorted have increased month-over-month from 14.39M to 17.43M, a change representing 0.72% of the company's 421.26M share float. The stock has gained 6.31% over the last year.

*Short data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: Contrarian Ideas: 4 Momentum Stocks With Increasing Shorts