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Looking to gain some exposure to the small-cap sector? For a closer look at small-cap stocks with bullish sentiment, we ran a screen.

We began by screening the small-cap sector for stocks trading under $5 a share.

We then 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.

(click to enlarge)

Do you think these stocks are poised to move higher? 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. Banro Corporation (NYSEMKT:BAA): Engages in the acquisition, exploration, and development of gold properties in the Democratic Republic of the Congo. Market cap at $674.93M, most recent closing price at $3.77. Shares shorted have decreased from 1.73M to 1.69M over the last month, a decrease which represents about 20.23% of the company's float of 197.74K shares. Days to cover ratio at 6.02 days.

2. Radian Group Inc. (NYSE:RDN): Provides credit-related insurance coverage and financial services in the United States and internationally. Market cap at $347.89M, most recent closing price at $2.43. Shares shorted have decreased from 36.65M to 30.72M over the last month, a decrease which represents about 5.27% of the company's float of 112.51M shares. Days to cover ratio at 6.14 days.

3. Vonage Holdings Corporation (NYSE:VG): Provides voice and messaging services over broadband networks to residential, small office, and home office customers primarily in the United States, Canada, and the United Kingdom. Market cap at $384.81M, most recent closing price at $1.71. Shares shorted have decreased from 12.46M to 7.68M over the last month, a decrease which represents about 2.85% of the company's float of 167.84M shares. Days to cover ratio at 3.87 days.

4. Central European Distribution Corp. (NASDAQ:CEDC): Produces, imports, and distributes alcoholic beverages in Poland, Hungary, and the Russian Federation. Market cap at $313.78M, most recent closing price at $3.82. Shares shorted have decreased from 12.01M to 10.97M over the last month, a decrease which represents about 2.11% of the company's float of 49.29M shares. Days to cover ratio at 11.5 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.