3 Rallying, High-Growth Stocks With Bullish Short Trends

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 |  Includes: ATHN, IIJI, MLNX
by: Kapitall

Interested in adding some growth to your portfolio? For a closer look at some high-growth names, we ran a screen.

We began by screening for stocks with high growth prospects, with 5-year projected EPS growth above 15%.

We then screened for those with strong upward momentum, trading above their 20-day, 50-day, and 200-day moving averages.

Finally, we screened for those with bullish sentiment from short sellers, with significant decreases in shares shorted month-over-month representing at least 2% of share float. This indicates that short sellers are less bearish on these names than they were a month ago.

Do you think these stocks will continue to rally? Use this list as a starting point for your own analysis.

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

1. Mellanox Technologies, Ltd. (NASDAQ:MLNX): Engages in the design, development, marketing, and sale of interconnect products primarily in North America, Israel, Europe, and Asia. Market cap at $2.19B, most recent closing price at $54.12. 5-year projected EPS growth at 20.00%. The stock is currently trading 2.49% above its 20-day moving average, 21.80% above its 50-day MA, and 57.97% above its 200-day MA. Shares shorted have decreased from 2.07M to 421.59K over the last month, a decrease which represents about 5.29% of the company's float of 31.19M shares. Days to cover ratio at 0.99 days.

2. Internet Initiative Japan Inc. (NASDAQ:IIJI): Provides Internet connectivity, outsourcing, and systems integration services to customers primarily in Japan. Market cap at $750.71M, most recent closing price at $9.26. 5-year projected EPS growth at 31.10%. The stock is currently trading 0.55% above its 20-day moving average, 6.79% above its 50-day MA, and 1.44% above its 200-day MA. Shares shorted have decreased from 26.43K to 20.21K over the last month, a decrease which represents about 3.07% of the company's float of 202.32K shares. Days to cover ratio at 1.63 days.

3. athenahealth, Inc. (NASDAQ:ATHN): Provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. Market cap at $2.58B, most recent closing price at $72.02. 5-year projected EPS growth at 30.17%. The stock is currently trading 2.79% above its 20-day moving average, 1.79% above its 50-day MA, and 20.18% above its 200-day MA. Shares shorted have decreased from 9.34M to 8.62M over the last month, a decrease which represents about 2.05% of the company's float of 35.14M shares. Days to cover ratio at 18.52 days.

*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.