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Do you prefer high-growth stocks as opposed to value picks? If so, we ran a screen just up your alley.

We began by screening the services sector for stocks with high growth projections, with 5-year projected EPS growth rates above 15%.

Then we screened for those with bullish changes from short sellers over the last month, with significant decreases in shares shorted month-over-month. This indicates that short sellers are less bearish on these names than they were a month ago.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall (kapitall.com).

Do you think these companies will meet their high-growth expectations? Use this list as a starting point for your own analysis.

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

1. CTC Media, Inc (CTCM): Operates as an independent broadcasting company in Russia. Market cap at $1.22B, most recent closing price at $7.73. 5-year projected EPS growth at 23.39%. Shares shorted have decreased from 1.58M to 955.24K over the last month, a decrease which represents about 14.84% of the company's float of 4.21M shares. Days to cover ratio at 1.62 days.

2. ZAGG Inc. (ZAGG): Designs, manufactures, and distributes protective coverings, audio accessories, and power solutions for consumer electronic and hand-held devices, under the invisibleSHIELD, ZAGGaudio, and ZAGGskins brand names, primarily in the United States and Europe. Market cap at $313.09M, most recent closing price at $10.35. 5-year projected EPS growth at 26.25%. Shares shorted have decreased from 9.03M to 8.32M over the last month, a decrease which represents about 3.03% of the company's float of 23.44M shares. Days to cover ratio at 10.01 days.

3. E-Commerce China Dangdang Inc. (DANG): Operates as a business-to-consumer e-commerce company in the People's Republic of China. Market cap at $462.68M, most recent closing price at $5.79. 5-year projected EPS growth at 41.50%. Shares shorted have decreased from 9.56M to 8.75M over the last month, a decrease which represents about 2.4% of the company's float of 33.72M shares. Days to cover ratio at 4.43 days.

4. FTI Consulting, Inc. (FCN): Operates as a business advisory company worldwide. Market cap at $1.1B, most recent closing price at $26.27. 5-year projected EPS growth at 15.95%. Shares shorted have decreased from 5.69M to 4.82M over the last month, a decrease which represents about 2.22% of the company's float of 39.16M shares. Days to cover ratio at 6.45 days.

5. Medifast Inc. (MED): Engages in the production, distribution, and sale of weight management and disease management products, and other consumable health and diet products in the United States. Market cap at $314.95M, most recent closing price at $20.28. 5-year projected EPS growth at 17.50%. Shares shorted have decreased from 2.42M to 2.17M over the last month, a decrease which represents about 2.02% of the company's float of 12.38M shares. Days to cover ratio at 9.72 days.

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

Source: 5 High-Growth Services Stocks With Strong Short Covering