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There are many sources to find out what analysts or traders predict the direction of stocks to be, but one of the most interesting is shares shorted.

Shorting a share indicates a specific prediction that the stock’s price will soon fall, and because shorting requires significant amounts of borrowing, short sellers are given background checks to trade and are generally considered “smart money” investors.

We ran a screen on the tech sector for stocks seeing bullish sentiment from short sellers, with significant decreases 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 these stocks will outperform like short sellers expect? Use this list as a starting point for your own analysis.

List sorted by decrease in shares shorted.

1. Move, Inc. (MOVED): Internet Information Providers Industry. Market cap of $223.44M. Shares shorted have decreased from 5.57M to 1.07M month-over-month, a change representing 16.22% of the company's 27.75M share float. It's been a rough couple of days for the stock, losing 9.11% over the last week.

2. Sify Technologies Limited (NASDAQ:SIFY): Provides enterprise and consumer Internet services primarily in India. Market cap of $214.47M. Shares shorted have decreased from 3.51M to 3.25M month-over-month, a change representing 5.56% of the company's 4.68M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.41). It's been a rough couple of days for the stock, losing 5.19% over the last week.

3. STEC, Inc. (NASDAQ:STEC): Designs, manufactures, and markets enterprise-class flash solid-state drives (SSDs) for use in high-performance storage and server systems. Market cap of $428.35M. Shares shorted have decreased from 9.30M to 7.51M month-over-month, a change representing 5.16% of the company's 34.66M share float. The stock is a short squeeze candidate, with a short float at 21.05% (equivalent to 5.58 days of average volume). The stock has lost 44.65% over the last year.

4. Rubicon Technology, Inc. (NASDAQ:RBCN): Develops, manufactures, and sells monocrystalline sapphire and other crystalline products for light-emitting diodes (LED), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics, and other optical applications. Market cap of $212.84M. Shares shorted have decreased from 5.50M to 4.94M month-over-month, a change representing 3.28% of the company's 17.06M share float. The stock is a short squeeze candidate, with a short float at 21.99% (equivalent to 10.62 days of average volume). It's been a rough couple of days for the stock, losing 7.46% over the last week.

5. OmniVision Technologies Inc. (NASDAQ:OVTI): Designs, develops, and markets semiconductor image-sensor devices. Market cap of $703.16M. Shares shorted have decreased from 5.56M to 4.05M month-over-month, a change representing 2.77% of the company's 54.49M share float. It's been a rough couple of days for the stock, losing 7.31% over the last week.

6. Lexmark International Inc. (NYSE:LXK): Develops, manufactures, and supplies printing and imaging solutions for offices. Market cap of $2.44B. Shares shorted have decreased from 8.27M to 6.24M month-over-month, a change representing 2.77% of the company's 73.41M share float. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 3.08%, current ratio at 2.01, and quick ratio at 1.71. The stock is a short squeeze candidate, with a short float at 11.12% (equivalent to 5.3 days of average volume). The stock has lost 6.49% over the last year.

7. CIENA Corp. (NYSE:CIEN): Provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic. Market cap of $1.05B. Shares shorted have decreased from 24.93M to 22.92M month-over-month, a change representing 2.42% of the company's 82.98M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.14). It's been a rough couple of days for the stock, losing 9.24% over the last week.

8. Travelzoo Inc. (NASDAQ:TZOO): An Internet media company, publishes travel and entertainment offers from various travel and entertainment companies in North America and Europe. Market cap of $440.82M. Shares shorted have decreased from 5.19M to 5.07M month-over-month, a change representing 2.38% of the company's 5.04M share float. The stock has had a couple of great days, gaining 7.64% over the last week.

9. Novatel Wireless Inc. (NVTL): Provides wireless broadband access solutions for the mobile communications market worldwide. Market cap of $91.69M. Shares shorted have decreased from 2.71M to 2.14M month-over-month, a change representing 2.11% of the company's 27.05M share float. The stock is a short squeeze candidate, with a short float at 6.83% (equivalent to 6.1 days of average volume). The stock has performed poorly over the last month, losing 14.63%.

10. First Solar, Inc. (NASDAQ:FSLR): Manufactures and sells solar modules using a thin-film semiconductor technology. Market cap of $2.89B. Shares shorted have decreased from 21.83M to 20.61M month-over-month, a change representing 2.05% of the company's 59.57M share float. It's been a rough couple of days for the stock, losing 30.3% over the last week.

11. Sina Corp. (NASDAQ:SINA): Provides online media and mobile value-added services (MVAS) in the People's Republic of China. Market cap of $3.57B. Shares shorted have decreased from 6.52M to 5.22M month-over-month, a change representing 1.98% of the company's 65.75M share float. It's been a rough couple of days for the stock, losing 15.32% over the last week.

12. Rovi Corporation (NASDAQ:ROVI): Provides digital entertainment technology solutions for the discovery and management of entertainment content. Market cap of $2.71B. Shares shorted have decreased from 5.48M to 3.35M month-over-month, a change representing 1.94% of the company's 109.66M share float. It's been a rough couple of days for the stock, losing 8.12% over the last week.

13. Rediff.com India Ltd. (NASDAQ:REDF): Provides online Internet based services in India and to the global Indian community. Market cap of $214.55M. Shares shorted have decreased from 1.35M to 1.09M month-over-month, a change representing 1.91% of the company's 13.59M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.44). It's been a rough couple of days for the stock, losing 8.25% over the last week.

14. AsiaInfo-Linkage,Inc. (NASDAQ:ASIA): Provides telecommunications software solutions and information technology (NYSE:IT) products and services to telecommunications carriers and other enterprises in the People's Republic of China. Market cap of $571.20M. Shares shorted have decreased from 9.31M to 8.56M month-over-month, a change representing 1.72% of the company's 43.50M share float. Might be undervalued at current levels, with a PEG ratio at 0.86, and P/FCF ratio at 7.56. The stock is a short squeeze candidate, with a short float at 25.47% (equivalent to 10.22 days of average volume). It's been a rough couple of days for the stock, losing 10.89% over the last week.

15. QLogic Corp. (NASDAQ:QLGC): Engages in the design and supply of storage networking, high performance computing networking, and converged networking infrastructure solutions. Market cap of $1.45B. Shares shorted have decreased from 3.32M to 1.75M month-over-month, a change representing 1.57% of the company's 100.17M share float. Might be undervalued at current levels, with a PEG ratio at 0.94, and P/FCF ratio at 7.89. The stock has lost 17.46% over the last year.

16. Synchronoss Technologies, Inc. (NASDAQ:SNCR): Provides on-demand transaction, content, and connectivity management platforms that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers, and e-Tailers/retailers with embedded connectivity primarily in North America. Market cap of $1.11B. Shares shorted have decreased from 4.92M to 4.55M month-over-month, a change representing 1.54% of the company's 23.96M share float. The stock is a short squeeze candidate, with a short float at 13.78% (equivalent to 13.6 days of average volume). It's been a rough couple of days for the stock, losing 5.6% over the last week.

17. Aruba Networks, Inc. (NASDAQ:ARUN): Provides distributed enterprise networks that securely connect local and remote users to corporate information technology resources worldwide. Market cap of $2.14B. Shares shorted have decreased from 20.31M to 18.83M month-over-month, a change representing 1.47% of the company's 100.46M share float. The stock is a short squeeze candidate, with a short float at 18.83% (equivalent to 5.78 days of average volume). It's been a rough couple of days for the stock, losing 6.29% over the last week.

18. Research In Motion Limited (RIMM): Designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. Market cap of $7.90B. Shares shorted have decreased from 44.66M to 37.88M month-over-month, a change representing 1.45% of the company's 466.70M share float. It's been a rough couple of days for the stock, losing 9.37% over the last week.

19. Changyou.com Limited (NASDAQ:CYOU): Develops and operates online games in the People's Republic of China. Market cap of $1.18B. Shares shorted have decreased from 549.43K to 414.53K month-over-month, a change representing 1.34% of the company's 10.04M share float. It's been a rough couple of days for the stock, losing 9.87% over the last week.

20. Isoftstone Holdings Limited (NYSE:ISS): Provides various information technology (IT) services and solutions in the Greater China and internationally. Market cap of $456.62M. Shares shorted have decreased from 3.71M to 3.33M month-over-month, a change representing 1.28% of the company's 29.61M share float. The stock is a short squeeze candidate, with a short float at 8.92% (equivalent to 15.1 days of average volume). It's been a rough couple of days for the stock, losing 7.01% over the last week.

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

Source: 20 Tech Stocks With Bullish Short Trends