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Wish you could get a reading on what the market thought about a particular stock? One of the most telling indicators is changes in shares shorted over time, which can indicate if investors are becoming more or less bearish on the name.

We ran a screen on the tech sector for stocks with strong recent performance, currently trading above their 20-day, 50-day, and 200-day moving averages. We then screened these names to find those with significantly decreasing shares shorted month-over-month, indicating short sellers are becoming less bearish on these names.

Interactive Chart: Press Play to compare changes in market cap 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 names will continue rallying? Use this list as a starting point for your own analysis.

1. Crown Castle International Corp. (NYSE:CCI): Operates, and leases towers and other wireless infrastructure primarily in the United States and Australia. The stock is currently rallying 0.80% above its 20-day moving average, 6.55% above its 50-day MA, and 21.04% above its 200-day MA. Shares shorted have decreased from 7.16M to 3.63M over the last month, a decrease which represents about 1.42% of the company's float of 249.41M shares.

2. EMC Corporation (NYSE:EMC): Develops, delivers, and supports the information and virtual infrastructure technologies and solutions. The stock is currently rallying 2.95% above its 20-day moving average, 10.81% above its 50-day MA, and 19.57% above its 200-day MA. Shares shorted have decreased from 130.90M to 100.41M over the last month, a decrease which represents about 1.49% of the company's float of 2.05B shares.

3. LinkedIn Corporation Class A Co (NYSE:LNKD): Operates an online professional network. The stock is currently rallying 12.29% above its 20-day moving average, 22.65% above its 50-day MA, and 24.29% above its 200-day MA. Shares shorted have decreased from 6.76M to 5.94M over the last month, a decrease which represents about 1.69% of the company's float of 48.52M shares.

4. Loral Space & Communications, Inc. (NASDAQ:LORL): Operates as a satellite communications company. The stock is currently rallying 5.07% above its 20-day moving average, 10.41% above its 50-day MA, and 23.88% above its 200-day MA. Shares shorted have decreased from 430.54K to 401.57K over the last month, a decrease which represents about 1.12% of the company's float of 2.58M shares.

5. Microchip Technology Inc. (NASDAQ:MCHP): Develops and manufactures semiconductor products for various embedded control applications worldwide. The stock is currently rallying 0.96% above its 20-day moving average, 0.19% above its 50-day MA, and 6.53% above its 200-day MA. Shares shorted have decreased from 19.96M to 18.10M over the last month, a decrease which represents about 1.01% of the company's float of 183.99M shares.

6. SolarWinds, Inc. (NYSE:SWI): Designs, develops, markets, sells, and supports enterprise information technology infrastructure management software to IT professionals. The stock is currently rallying 5.06% above its 20-day moving average, 14.09% above its 50-day MA, and 42.76% above its 200-day MA. Shares shorted have decreased from 5.51M to 2.74M over the last month, a decrease which represents about 4.67% of the company's float of 59.31M shares.

7. Syntel, Inc. (NASDAQ:SYNT): Provides information technology and knowledge process outsourcing services worldwide. The stock is currently rallying 1.85% above its 20-day moving average, 8.60% above its 50-day MA, and 10.18% above its 200-day MA. Shares shorted have decreased from 1.01M to 783.25K over the last month, a decrease which represents about 1.37% of the company's float of 16.59M shares.

8. Youku.com Inc (NYSE:YOKU): Operates as an Internet television company in the People's Republic of China. The stock is currently rallying 1.42% above its 20-day moving average, 13.19% above its 50-day MA, and 10.61% above its 200-day MA. Shares shorted have decreased from 11.20M to 8.41M over the last month, a decrease which represents about 4.23% of the company's float of 66.02M shares.

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

Source: 8 Rallying Tech Stocks Seeing Significant Short Covering