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If you sometimes consider yourself a contrarian investor, you may be interested in the following list.

We ran a screen on stocks with high short selling interest (short floats above 20%) for those with the most significant net insider buying over the last six months. Short sellers expect these names to underperform, but company insiders disagree.

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 (NYSEARCA:SPY) index over the last month.

(Click chart for more detail)

Do you think insiders are calling it right? Use this list as a starting point for your own analysis.

List sorted by net insider purchases as a percent of share float.

1. MannKind Corp. (NASDAQ:MNKD): Focuses on the discovery, development, and commercialization of therapeutic products for diabetes and cancer. Market cap of $367.75M. Short float at 35.40%. Net insider shares purchased over the last six months at 3.48M, which is 4.69% of the company's 74.22M share float. The stock is a short squeeze candidate, with a short float at 35.4% (equivalent to 38.04 days of average volume). The stock has lost 66.39% over the last year.

2. Saks Incorporated (NYSE:SKS): Operates fashion retail stores in the United States. Market cap of $1.58B. Short float at 29.58%. Net insider shares purchased over the last six months at 4.70M, which is 4.62% of the company's 101.62M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.54). The stock is a short squeeze candidate, with a short float at 29.58% (equivalent to 10.28 days of average volume). The stock has had a couple of great days, gaining 9.99% over the last week.

3. American Superconductor Corporation (NASDAQ:AMSC): Provides wind turbine designs and electrical control systems primarily in North America, Europe, and the Asia-Pacific. Market cap of $208.25M. Short float at 31.85%. Net insider shares purchased over the last six months at 1.51M, which is 3.89% of the company's 38.81M share float. The stock is a short squeeze candidate, with a short float at 31.85% (equivalent to 10.42 days of average volume). The stock has lost 86.23% over the last year.

4. ITT Educational Services Inc. (NYSE:ESI): Offers postsecondary-degree programs in the U.S. that provide diplomas as well as associate's, bachelor's, and master's degrees. Market cap of $1.38B. Short float at 40.63%. Net insider shares purchased over the last six months at 374.0K, which is 2.08% of the company's 17.96M share float. The stock is a short squeeze candidate, with a short float at 40.63% (equivalent to 19.59 days of average volume). The stock has lost 17.28% over the last year.

5. Texas Industries Inc. (NYSE:TXI): Engages in the production and supply of heavy construction materials in the United States. Market cap of $854.55M. Short float at 32.05%. Net insider shares purchased over the last six months at 344.60K, which is 1.62% of the company's 21.32M share float. The stock is a short squeeze candidate, with a short float at 32.05% (equivalent to 13.39 days of average volume). The stock has had a good month, gaining 13.15%.

6. MAKO Surgical Corp. (NASDAQ:MAKO): A medical device company, markets its advanced robotic arm solution and orthopedic implants for orthopedic procedures in the United States and internationally. Market cap of $1.11B. Short float at 26.48%. Net insider shares purchased over the last six months at 485.14K, which is 1.33% of the company's 36.61M share float. The stock is a short squeeze candidate, with a short float at 26.48% (equivalent to 10.06 days of average volume). The stock has gained 75.15% over the last year.

7. Seattle Genetics Inc. (NASDAQ:SGEN): Focuses on the development and commercialization of monoclonal antibody-based therapies for the treatment of cancer and autoimmune diseases in the United States. Market cap of $1.93B. Short float at 22.03%. Net insider shares purchased over the last six months at 1.48M, which is 1.30% of the company's 113.41M share float. The stock is a short squeeze candidate, with a short float at 22.03% (equivalent to 11.86 days of average volume). The stock has gained 8.81% over the last year.

8. The McClatchy Company (NYSE:MNI): Operates as a newspaper publisher in the United States. Market cap of $187.90M. Short float at 45.60%. Net insider shares purchased over the last six months at 318.80K, which is 0.63% of the company's 50.33M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.04). The stock is a short squeeze candidate, with a short float at 45.6% (equivalent to 23.64 days of average volume). The stock has had a good month, gaining 91.3%.

9. Overseas Shipholding Group Inc. (OSG): Engages in the ocean transportation of crude oil and petroleum products. Market cap of $311.40M. Short float at 38.17%. Net insider shares purchased over the last six months at 73.68K, which is 0.32% of the company's 22.77M share float. The stock is a short squeeze candidate, with a short float at 38.17% (equivalent to 10.3 days of average volume). The stock has had a couple of great days, gaining 7.24% over the last week. The stock has performed poorly over the last month, losing 26.95%.

10. Rex Energy Corporation (NASDAQ:REXX): Operates as an independent oil and gas company in the Appalachian, Illinois, and Denver-Julesburg Basins. Market cap of $644.69M. Short float at 29.04%. Net insider shares purchased over the last six months at 77.33K, which is 0.22% of the company's 35.61M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.4). The stock is a short squeeze candidate, with a short float at 29.04% (equivalent to 10.23 days of average volume). The stock has performed poorly over the last month, losing 10.37%.

11. Iridium Communications Inc. (NASDAQ:IRDM): Provides mobile voice and data communications services through satellites to businesses, the U. Market cap of $554.93M. Short float at 20.02%. Net insider shares purchased over the last six months at 85.10K, which is 0.17% of the company's 48.71M share float. The stock is a short squeeze candidate, with a short float at 20.02% (equivalent to 18.19 days of average volume). The stock has lost 9.87% over the last year.

12. Brown Shoe Co. Inc. (NYSE:BWS): Operates as a footwear retailer and wholesaler primarily in the in the United States, Canada, China, and Guam. Market cap of $374.46M. Short float at 25.30%. Net insider shares purchased over the last six months at 23.50K, which is 0.06% of the company's 40.09M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.07). The stock is a short squeeze candidate, with a short float at 25.3% (equivalent to 13.97 days of average volume). The stock has lost 38.74% over the last year.

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

Source: 12 Highly Shorted Stocks Being Snapped Up By Insiders