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For a look at which direction the market thinks a stock will move, here are some ideas you may find interesting.

We ran a screen on the tech sector for stocks with bearish trends in short selling, with significant increases in shares shorted month-over-month (indicating that short sellers believe these stocks will soon fall in price).

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 underperform like short sellers expect? Use this list as a starting point for your own analysis.

List sorted by decrease in shares shorted as a percent of share float.

1. Blue Coat Systems Inc. (NASDAQ:BCSI): Designs, develops, and sells products and services that secure, accelerate, and optimize the delivery of business applications, Web content, and other information to distributed users over a wide area network or the public Internet/Web. Market cap of $1.10B. Shares shorted have increased from 2.79M to 7.86M month-over-month, a change representing 14.15% of the company's 35.84M share float. The stock has had a good month, gaining 46.62%.

2. Spreadtrum Communications Inc. (NASDAQ:SPRD): Operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. Market cap of $771.06M. Shares shorted have increased from 2.69M to 4.66M month-over-month, a change representing 5.39% of the company's 36.56M share float. It's been a rough couple of days for the stock, losing 16.71% over the last week.

3. HomeAway, Inc. (NASDAQ:AWAY): Operates an online marketplace for the vacation rental industry. Market cap of $1.90B. Shares shorted have increased from 2.27M to 3.60M month-over-month, a change representing 3.89% of the company's 34.21M share float.

4. OmniVision Technologies Inc. (NASDAQ:OVTI): Designs, develops, and markets semiconductor image-sensor devices. Market cap of $746.55M. Shares shorted have increased from 4.05M to 5.99M month-over-month, a change representing 3.56% of the company's 54.46M share float. The stock has lost 53.78% over the last year.

5. Universal Display Corp. (NASDAQ:PANL): Engages in the research, development, and commercialization of organic light emitting diode technologies and materials for use in flat panel display, solid-state lighting, and other product applications. Market cap of $1.85B. Shares shorted have increased from 9.87M to 10.94M month-over-month, a change representing 3.43% of the company's 31.20M share float. The stock is a short squeeze candidate, with a short float at 27.22% (equivalent to 6.36 days of average volume). The stock has had a couple of great days, gaining 23.24% over the last week.

6. NTT DOCOMO, Inc. (NYSE:DCM): Provides wireless telecommunications services, packet communications services, and satellite mobile communications services in Japan. Market cap of $81.97B. Shares shorted have increased from 859.51K to 1.10M month-over-month, a change representing 3.16% of the company's 7.62M share float. The stock has gained 9.82% over the last year.

7. Shutterfly, Inc. (NASDAQ:SFLY): Provides an Internet-based social expression and personal publishing service that enables consumers to share, print, and preserve their memories through the medium of photography. Market cap of $870.56M. Shares shorted have increased from 6.83M to 7.52M month-over-month, a change representing 2.17% of the company's 31.77M share float. The stock has had a couple of great days, gaining 9.84% over the last week.

8. OCZ Technology Group, Inc. (NASDAQ:OCZ): Designs, develops, manufactures, and distributes computer components for computing devices and systems worldwide. Market cap of $394.33M. Shares shorted have increased from 20.61M to 21.48M month-over-month, a change representing 1.93% of the company's 45.05M share float. The stock is a short squeeze candidate, with a short float at 44.3% (equivalent to 13.21 days of average volume). The stock has had a couple of great days, gaining 11.24% over the last week.

9. BroadSoft, Inc. (NASDAQ:BSFT): Provides software that enables fixed-line, mobile, and cable service providers to deliver voice and multimedia services over Internet protocol based networks. Market cap of $723.86M. Shares shorted have increased from 6.05M to 6.50M month-over-month, a change representing 1.81% of the company's 24.93M share float. The stock is a short squeeze candidate, with a short float at 25.03% (equivalent to 9.06 days of average volume). It's been a rough couple of days for the stock, losing 9.53% over the last week.

10. LinkedIn Corporation (NYSE:LNKD): Operates an online professional network. Market cap of $6.44B. Shares shorted have increased from 4.51M to 5.23M month-over-month, a change representing 1.67% of the company's 43.16M share float.

11. AOL, Inc. (NYSE:AOL): Operates as a Web services company that offers a suite of brands and offerings for the worldwide audience. Market cap of $1.58B. Shares shorted have increased from 13.69M to 15.19M month-over-month, a change representing 1.57% of the company's 95.51M share float. The stock is a short squeeze candidate, with a short float at 15.89% (equivalent to 9.69 days of average volume). The stock has had a couple of great days, gaining 7.53% over the last week.

12. NII Holdings Inc. (NASDAQ:NIHD): Provides wireless communication services to businesses and individuals primarily in Mexico, Brazil, Argentina, Peru, and Chile. Market cap of $3.64B. Shares shorted have increased from 4.12M to 6.62M month-over-month, a change representing 1.49% of the company's 168.34M share float. The stock has lost 50.58% over the last year.

13. IPG Photonics Corporation (NASDAQ:IPGP): Manufactures fiber lasers and amplifiers for use in a range of markets, such as materials processing, advanced technologies, telecommunications, and medical applications. Market cap of $2.25B. Shares shorted have increased from 1.91M to 2.21M month-over-month, a change representing 1.49% of the company's 20.11M share float. The stock has had a couple of great days, gaining 34.25% over the last week.

14. Pegasystems Inc. (NASDAQ:PEGA): Develops, markets, licenses, and supports software to automate business processes primarily in the United States, the United Kingdom, and Europe. Market cap of $1.02B. Shares shorted have increased from 2.39M to 2.63M month-over-month, a change representing 1.41% of the company's 17.01M share float. The stock is a short squeeze candidate, with a short float at 15.5% (equivalent to 8.26 days of average volume). It's been a rough couple of days for the stock, losing 7.99% over the last week.

15. Silicon Graphics International Corp. (NASDAQ:SGI): Focuses on helping customers solve their technology challenges by delivering clustered and high-performance computing and storage solutions, and software and services. Market cap of $386.22M. Shares shorted have increased from 8.31M to 8.65M month-over-month, a change representing 1.17% of the company's 29.03M share float. The stock is a short squeeze candidate, with a short float at 27.9% (equivalent to 16.41 days of average volume). The stock has performed poorly over the last month, losing 11.95%.

16. 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 $1.35B. Shares shorted have increased from 22.92M to 23.79M month-over-month, a change representing 1.05% of the company's 82.73M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.15). The stock has had a couple of great days, gaining 10.91% over the last week.

17. Salesforce.com (NYSE:CRM): Provides customer and collaboration relationship management services to various businesses and industries worldwide. Market cap of $14.25B. Shares shorted have increased from 13.65M to 14.94M month-over-month, a change representing 1.04% of the company's 124.44M share float. The stock has performed poorly over the last month, losing 13.13%.

*Short data sourced from Yahoo! Finance, 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.