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Some of the best traders know when to turn bullish, that is, when everyone is turning exceedingly bearish. I keep a close eye on stocks that are hitting their 52-week lows and had short ratios decrease slightly in the last month. This is a very good combination for short term swing traders, especially if one can capture the right momentum to make a quick 2-5% return by taking advantage of the oversold/overbought oscillators. Here are 11 stocks on my list for this week that investors have decreased their short positions on, fearing an oversold condition.

11 Stocks Shorts Have Begun to Fear

Company

Market Cap

52 week low

Shares Short (prior month)

Shares Short (current month)

Aluminum Corp. of China Ltd. (NYSE:ACH)

$7.45 bill.

$13.53

4.26 mill.

4.12 mill.

Astoria Financial Corp. (NYSE:AF)

$872.17 mill.

$8.73

7.70 mill.

7.39 mill.

Popular Inc. (NASDAQ:BPOP)

$1.70 bill.

$1.64

8.76 mill.

6.65 mill.

Cresud Inc. (NASDAQ:CRESY)

$652 mill.

$12.50

151,051

136,010

Ag Feed Industries (OTC:FEED)

$50.51 mill.

$0.71

2.34 mill.

1.97 mill.

Gafisa S.A. (NYSE:GFA)

$1.70 bill.

$7.28

9.23 mill.

7.62 mill.

Hanwha SolarOne (NASDAQ:HSOL)

$252.69

$2.77

2.58 mill.

2.53 mill.

Hospira Inc. (NYSE:HSP)

$6.24 bill.

$37.86

7.85 mill.

7.47 mill.

Homex Development Corp. (NYSE:HXM)

$919.03 mill.

$16.42

1.95 mill.

1.78 mill.

Jones Lang Lasalle, Inc. (NYSE:JLL)

$2.48 bill.

$57.18

550,270

540,020

K-Swiss Inc. (NASDAQ:KSWS)

$164.64 mill.

$4.63

3.5 mill.

3.46 mill.

Source: 11 Stocks Shorts Have Begun To Fear