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The economic prospects of Europe are still cloudy, but that doesn't mean there aren't profitable European companies to invest in. For ideas on which stocks the market stands behind, we ran a screen.

We screened US-traded companies based in European countries for those seeing the most significant short covering month-over-month, indicating that short sellers are less bearish on these names.

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

1. DryShips, Inc. (NASDAQ:DRYS): Engages in the ownership and operation of drybulk carriers and drilling rigs that operate worldwide. Greece. Shares shorted have decreased from 11.67M to 8.06M over the last month, a decrease which represents about 1.03% of the company's float of 351.90M shares.

2. LyondellBasell Industries NV (NYSE:LYB): Manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for production of polymers. Netherlands. Shares shorted have decreased from 4.23M to 2.46M over the last month, a decrease which represents about 1.18% of the company's float of 150.38M shares.

3. Tornier N.V. (NASDAQ:TRNX): Operates as a medical device company that designs, manufactures, and markets devices for joint replacement and soft tissue repair that enable surgical specialists to improve patients' lives by restoring motion and physical vitality. Netherlands. Shares shorted have decreased from 853.00K to 678.68K over the last month, a decrease which represents about 1.4% of the company's float of 12.42M shares.

4. Vistaprint N.V. (VPRT): Operates as an online provider of marketing products and services to micro businesses worldwide. Netherlands. Shares shorted have decreased from 11.08M to 10.30M over the last month, a decrease which represents about 2.55% of the company's float of 30.59M shares.

*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.

Source: 4 European Stocks With Significant Short Covering