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Do you consider yourself a contrarian investor? If so, here's a list you may be interested in.

We ran a screen on stocks that are highly shorted, with float shorts above 20%. We then screened these stocks for those with significant net buying from both institutional investors and company insiders, indicating these two groups of knowledgeable investors expect these stocks to outperform.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the 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 are candidates for a short squeeze? Use this list as a starting point for your own analysis.

1. Aruba Networks, Inc. (NASDAQ:ARUN): Provides distributed enterprise networks that securely connect local and remote users to corporate information technology resources worldwide. Float short at 20.81%. Net institutional purchases in the current quarter at 10.9M shares, which represents about 10.86% of the company's float of 100.38M shares. Over the last six months, insiders were net buyers of 444,930 shares, which represents about 0.44% of the company's 100.38M share float.

2. Colfax Corporation (NYSE:CFX): Designs, manufactures, and distributes fluid handling products that transfer or control liquids in various applications worldwide. Float short at 22.28%. Net institutional purchases in the current quarter at 6.4M shares, which represents about 21.56% of the company's float of 29.69M shares. Over the last six months, insiders were net buyers of 53,111 shares, which represents about 0.18% of the company's 29.69M share float.

3. Goodrich Petroleum Corp. (NYSE:GDP): Engages in the exploration, development, and production of oil and natural gas properties. Float short at 33.49%. Net institutional purchases in the current quarter at 1.3M shares, which represents about 5.04% of the company's float of 25.77M shares. Over the last six months, insiders were net buyers of 41,387 shares, which represents about 0.16% of the company's 25.77M share float.

4. Universal Display Corp. (NASDAQ:PANL): Engages in the research, development, and commercialization of organic light emitting diode (NASDAQ:OLED) technologies and materials for use in flat panel display, solid-state lighting, and other product applications. Float short at 31.16%. Net institutional purchases in the current quarter at 4.2M shares, which represents about 13.44% of the company's float of 31.24M shares. Over the last six months, insiders were net buyers of 406,907 shares, which represents about 1.3% of the company's 31.24M share float.

5. 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. Float short at 25.79%. Net institutional purchases in the current quarter at 9.6M shares, which represents about 8.47% of the company's float of 113.40M shares. Over the last six months, insiders were net buyers of 1,147,052 shares, which represents about 1.01% of the company's 113.40M share float.

6. Texas Industries Inc. (NYSE:TXI): Engages in the production and supply of heavy construction materials in the United States. Float short at 23.54%. Net institutional purchases in the current quarter at 472.0K shares, which represents about 3.48% of the company's float of 13.58M shares. Over the last six months, insiders were net buyers of 2,744,380 shares, which represents about 20.21% of the company's 13.58M share float.

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

Source: 6 Highly Shorted Stocks With Buying Interest From Hedge Funds And Insiders