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Below is a list of 10 company stocks that are showing strong upward short-term trends. You may find cause to ride the momentum, take profits or look for a good opportunity to enter a short position.

Cemex SAB de CV (CX)

Cemex is a Mexico-based holding company principally engaged in cement manufacturing. The company produces, distributes and sells cement, ready-mix concrete, aggregates and related building materials in more than 50 countries worldwide.

Its stock currently trades around $6.75 with 1B shares out, giving it a market cap of $6.83B. It has no forward P/E. Insider and institutional ownership stands at just 49% and the total short interest as of 01/13/12 was 91.83M shares. The consensus analyst 12-month price target is $5.40, with the highest estimate being $10. No dividend to mention.

(Click charts to expand)

CX

American Capital Ltd. (ACAS)

American Capital is an equity firm and global asset manager. It invests in private equity, private debt, private real estate securities and other investments, technology investments, special situation investments, alternative asset funds managed by it and structured finance investments.

Its stock currently trades around $8.25 with 344.80M shares out, giving it a market cap of $2.86B. It has a forward P/E of 9.60. Insider and institutional ownership stands at 58% and the total short interest as of 01/13/12 was 2.95M shares. The consensus analyst 12-month price target is $10, with the highest estimate being $11. No dividend to mention.

Click to enlarge charts

Hovnanian Enterprises, Inc. (HOV)

Hovnanian designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise condominiums, urban infill and active adult homes in planned residential developments.

Its stock currently trades around $2.60 with 95.54M shares out, giving it a market cap of $250.32M. It has no forward P/E. Insider and institutional ownership stands at just 30% and the total short interest as of 01/13/12 was 16.26M shares. The consensus analyst 12-month price target is $1.50 with the highest estimate being $2.50. No dividend to mention.

HOV

Synovus Financial Corp. (SNV)

Synovus is a financial services company and a registered bank holding company that provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through 30 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida, and Tennessee.

The stock currently trades around $1.75 with 1B shares out, giving it a market cap of $1.36B. It has a forward P/E of 9.16. Insider and institutional ownership stands at about 67% and the total short interest as of 01/13/12 was 63.43M shares. The consensus analyst 12-month price target is $2, with the highest estimate being $3.50. It is also a dividend payer.

SNV

Bank of America Corp. (BAC)

Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.

Its stock currently trades around $7.35 with 10.54B shares out, giving it a market cap of $77.60B. It has a forward of just 6.58. Insider and institutional ownership stands at about 56% and the total short interest as of 01/13/12 was 186M shares. The consensus analyst 12-month price target is $9, with the highest estimate being $14. It is also a dividend payer.

BAC

Netflix, Inc. (NFLX)

Netflix is an internet subscription service streaming television shows and movies. Its subscribers can watch unlimited television shows and movies streamed over the internet to their televisions, computers and mobile devices and in the United States, subscribers can also receive DVDs to their homes.

Its stock currently trades around $115.00 with 55.4M shares out, giving it a market cap of $6.40B. It has a forward P/E of about 35. Insider and institutional ownership stands at 80% and the total short interest as of 01/13/12 was 11.42M shares. The consensus analyst 12-month price target is $71, with the highest estimate being $310. No dividend to mention.

NFLX

Genworth Financial, Inc. (GNW)

Genworth is a financial security company engaged in providing insurance, wealth management, investment and financial solutions to more than 15 million customers, with a presence in more than 25 countries. Its life security products and services include payment protection coverages in Europe, Canada, and Mexico, and in the United States, life insurance products, as well as care coordination and wellness services.

Its stock currently trades around $7.90 with 490.93M shares out, giving it a market cap of $3.83B. It has a forward P/E of just 6.12. Insider and institutional ownership stands at 94% and the total short interest as of 01/13/12 was 15.1M shares. The consensus analyst 12-month price target is $8, with the highest estimate being $18. No dividend to mention.

GNW

Popular, Inc. (BPOP)

Popular is a diversified, publicly owned bank holding company that operates in two markets: Puerto Rico, and Mainland United States. In the Puerto Rico market the company provides retail and commercial banking services through its principal banking subsidiary, Banco Popular de Puerto Rico (BPPR), as well as auto and equipment leasing and financing, mortgage loans, investment banking, broker-dealer and insurance services through specialized subsidiaries.

Its stock currently trades around $6.75 with 1.03B shares out, giving it a market cap of $1.73B. It has a forward P/E of just 5.02. Insider and institutional ownership stands at 70% and the total short interest as of 01/13/12 was 19M shares. The consensus analyst 12-month price target is $3.50, with the highest estimate being $4.50. No dividend to mention.

BPOP

Rite Aid Corp. (RAD)

Rite Aid is a retail drugstore chain in the U.S. It operates its drugstores in 31 states across the country and in the District of Columbia. As of February 26, 2011, it operated 4,714 stores. In its stores, the company sells prescription drugs and an assortment of other merchandise, which it calls front end products.

Its stock currently trades around $1.37 with 898.45M shares out, giving it a market cap of $1.24B. It has no forward P/E. Insider and institutional ownership stands at just 36% and the total short interest as of 01/13/12 was 51.67M shares. The consensus analyst 12-month price target is $1.10, with the highest estimate being $1.60. No dividend to mention.

LSI Corp. (LSI)

LSI designs, develops and markets storage and networking semiconductors and storage systems and provides silicon-to-system solutions that are used at the core of products that create, store, consume and transport digital information.

Its stock currently trades around $7.75 with 563.49M shares out, giving it a market cap of $4.47B. It has a forward P/E of 11.45. Insider and institutional ownership stands at 79% and the total short interest as of 01/13/12 was 12.32M shares. The consensus analyst 12-month price target is $8.50, with the highest estimate being $10.50. No dividend to mention.

LSI

Disclaimer: As always, perform your own due diligence before making any decisions and happy trading.

Source: 10 Strong Short-Term Uptrending Stocks To Consider