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If you like to look for potential short squeeze opportunities, you may find this list very interesting.

Short squeezes occur when a stock that is highly shorted sees a bump up in stock price that causes a cascade of short sellers to close their positions, adding further upside pressure.

We ran a screen on US-traded stocks from companies based in one of the BRIC nations (Brazil, Russia, India, and China) for those that are being highly shorted, with float shorts above 10%. We screened these stocks for those with high profitability, beating their industry peers on gross, operating, and pretax margins.

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.?

We also created a 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 are likely candidates for a short squeeze? Use this list as a starting-off point for your own analysis.

List sorted by difference between gross margin and industry.

1. China Fire & Security Group, Inc. (NASDAQ:CFSG): Engages in the design, development, manufacture, and sale of various fire safety products for the industrial and special purpose infrastructure industries, as well as the design and installation of industrial fire safety systems in the People's Republic of China and India. Market cap of $246.72M. Float short at 19.29%. TTM gross margin at 46.86% vs. industry gross margin at 32.39%. TTM operating margin at 17.90% vs. industry operating margin at 12.67%. TTM pretax margin at 18.78% vs. industry pretax margin at 10.88%. The stock has gained 5.49% over the last year.

2. China Kanghui Holdings (NYSE:KH): Develops, manufactures, and markets orthopedic implants and associated instruments. Market cap of $445.52M. Float short at 11.22%. TTM gross margin at 71.66% vs. industry gross margin at 65.06%. TTM operating margin at 43.05% vs. industry operating margin at 35.96%. TTM pretax margin at 43.22% vs. industry pretax margin at 30.81%. The stock has had a couple of great days, gaining 6.95% over the last week.

3. China Green Agriculture, Inc. (NYSE:CGA): Engages in the research, development, manufacture, distribution, and sale of humic acid based compound fertilizers in China. Market cap of $131.30M. Float short at 12.24%. TTM gross margin at 38.60% vs. industry gross margin at 37.61%. TTM operating margin at 23.59% vs. industry operating margin at 17.08%. TTM pretax margin at 23.34% vs. industry pretax margin at 16.08%. The stock has had a couple of great days, gaining 7.95% over the last week.

*Profitability data sourced from Fidelity, all other data sourced from Finviz.

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

Source: Squeeze Ideas: 3 Highly Shorted BRIC Stocks With Impressive Profitability