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Shares shorted is a great resource for checking the market’s sentiment on a stock. If a stock sees increases in shares shorted over time, short sellers are becoming more pessimistic on its outlook, and vice versa.

Short trends are especially interesting when compared with stock performance.

When a stock rallies while short sellers are becoming more pessimistic, it can mean that short sellers have been wrong and they’ll soon buy with the trend, or it can mean that the market has not yet recognized what short sellers have.

We ran a screen on stocks from the tech sector rallying above their 20-day, 50-day, and 200-day moving averages for those with pessimistic trends from short sellers (increases in shares shorted) month-over-month.

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 short sellers are wrong, or do they know something the market hasn’t recognized yet? Use this list as a starting-off point for your own analysis.

List sorted by increase in shares shorted.

1. LinkedIn Corporation (NYSE:LNKD): Operates an online professional network. Market cap of $8.65B. The stock is currently trading at 7.65% above its 20-Day SMA, 9.73% above its 50-Day SMA, and 5.28% above its 200-Day SMA. Shares shorted have increased from 2.33M to 2.88M month-over-month, a change representing 10.36% of the company's 5.31M share float. The stock has had a good month, gaining 15.14%.

2. Bankrate, Inc. (NYSE:RATE): Offers online financial data feed management services. Market cap of $1.95B. The stock is currently trading at 19.48% above its 20-Day SMA, 21.66% above its 50-Day SMA, and 19.37% above its 200-Day SMA. Shares shorted have increased from 2.78M to 4.07M month-over-month, a change representing 5.08% of the company's 25.41M share float. The stock is a short squeeze candidate, with a short float at 18.7% (equivalent to 21.43 days of average volume). The stock has had a couple of great days, gaining 15.76% over the last week.

3. Measurement Specialties Inc. (NASDAQ:MEAS): Engages in the design, development, and manufacture of sensors and sensor-based systems for original equipment manufacturers and end users. Market cap of $473.46M. The stock is currently trading at 5.46% above its 20-Day SMA, 10.59% above its 50-Day SMA, and 0.29% above its 200-Day SMA. Shares shorted have increased from 1.24M to 1.68M month-over-month, a change representing 3.15% of the company's 13.98M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.19). The stock is a short squeeze candidate, with a short float at 12.03% (equivalent to 13.64 days of average volume). The stock has had a good month, gaining 20.22%.

4. Tangoe, Inc. (NASDAQ:TNGO): Provides on-demand communications lifecycle management (CLM) software and related services to enterprises, including large and medium-sized businesses and other organizations. Market cap of $440.22M. The stock is currently trading at 2.18% above its 20-Day SMA, 8.69% above its 50-Day SMA, and 13.30% above its 200-Day SMA. Shares shorted have increased from 231.88K to 630.26K month-over-month, a change representing 2.31% of the company's 17.22M share float. The stock has had a good month, gaining 18.92%.

5. Xyratex Ltd. (NASDAQ:XRTX): Provides modular enterprise-class data storage solutions and storage process technology. Market cap of $413.02M. The stock is currently trading at 11.85% above its 20-Day SMA, 36.89% above its 50-Day SMA, and 30.75% above its 200-Day SMA. Shares shorted have increased from 1.95M to 2.50M month-over-month, a change representing 1.99% of the company's 27.57M share float. The stock is a short squeeze candidate, with a short float at 8.46% (equivalent to 6.01 days of average volume). The stock has had a good month, gaining 47.14%.

6. ACI Worldwide, Inc. (NASDAQ:ACIW): Develops, markets, installs, and supports software products and services to facilitate electronic payments worldwide. Market cap of $1.03B. The stock is currently trading at 8.39% above its 20-Day SMA, 8.09% above its 50-Day SMA, and 0.57% above its 200-Day SMA. Shares shorted have increased from 1.98M to 2.61M month-over-month, a change representing 1.91% of the company's 33.05M share float. The stock is a short squeeze candidate, with a short float at 7.89% (equivalent to 7.35 days of average volume). The stock has had a couple of great days, gaining 5.65% over the last week.

7. Comtech Telecommunications Corp. (NASDAQ:CMTL): Designs and produces a wide range of telecom systems and services. Market cap of $776.76M. The stock is currently trading at 5.63% above its 20-Day SMA, 14.77% above its 50-Day SMA, and 20.87% above its 200-Day SMA. Shares shorted have increased from 2.09M to 2.48M month-over-month, a change representing 1.71% of the company's 22.81M share float. The stock is a short squeeze candidate, with a short float at 10.81% (equivalent to 5.36 days of average volume). The stock has had a good month, gaining 18.89%.

8. CEVA Inc. (NASDAQ:CEVA): Engages in designing and licensing silicon intellectual property (SIP) for the handsets, portable multimedia, and consumer electronics markets. Market cap of $726.73M. The stock is currently trading at 16.26% above its 20-Day SMA, 17.35% above its 50-Day SMA, and 13.74% above its 200-Day SMA. Shares shorted have increased from 3.13M to 3.49M month-over-month, a change representing 1.67% of the company's 21.59M share float. The stock is a short squeeze candidate, with a short float at 15.15% (equivalent to 13.38 days of average volume). The stock has had a couple of great days, gaining 9.63% over the last week.

9. Rackspace Hosting, Inc. (NYSE:RAX): Operates in the hosting and cloud computing industry. Market cap of $5.40B. The stock is currently trading at 9.66% above its 20-Day SMA, 14.05% above its 50-Day SMA, and 6.53% above its 200-Day SMA. Shares shorted have increased from 9.03M to 10.74M month-over-month, a change representing 1.63% of the company's 104.82M share float. The stock is a short squeeze candidate, with a short float at 10.28% (equivalent to 6.12 days of average volume). The stock has had a good month, gaining 21.24%.

10. j2 Global Communications, Inc. (NASDAQ:JCOM): Provides outsourced, value-added communication, messaging, and data backup services to businesses of all sizes, from individuals to enterprises worldwide. Market cap of $1.42B. The stock is currently trading at 5.47% above its 20-Day SMA, 3.41% above its 50-Day SMA, and 6.70% above its 200-Day SMA. Shares shorted have increased from 5.96M to 6.45M month-over-month, a change representing 1.13% of the company's 43.35M share float. The stock is a short squeeze candidate, with a short float at 14.45% (equivalent to 12.45 days of average volume). The stock has had a good month, gaining 14.2%.

11. Keynote Systems Inc. (NASDAQ:KEYN): Provides Internet and mobile cloud monitoring solutions worldwide. Market cap of $413.80M. The stock is currently trading at 5.08% above its 20-Day SMA, 4.72% above its 50-Day SMA, and 16.29% above its 200-Day SMA. Shares shorted have increased from 810.44K to 964.81K month-over-month, a change representing 1.11% of the company's 13.92M share float. The stock has had a good month, gaining 12.87%.

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

Source: 11 Rallying Tech Stocks With Bearish Short Trends