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Do you prefer stocks seeing bullish sentiment from smart money investors? We ran a screen with that idea in mind.

Considering the Facebook (FB) IPO flop, and the bearish sentiment that still surrounds it, we screened the internet industry of the tech sector for stocks with bullish sentiment from short sellers, 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.

Tool provided by Kapitall (www.kapitall.com). More investing ideas on Kapitall Wire (wire.kapitall.com).

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 as a percent of share float.

1. Travelzoo Inc. (TZOO): An Internet media company, publishes travel and entertainment offers from various travel and entertainment companies in North America and Europe. Market cap at $366.44M, most recent closing price at $22.96. Shares shorted have decreased from 2.94M to 2.60M over the last month, a decrease which represents about 4.56% of the company's float of 7.46M shares. Days to cover ratio at 13.09 days.

2. Bankrate, Inc. (RATE): Offers online financial data feed management services. Market cap at $1.77B, most recent closing price at $17.72. Shares shorted have decreased from 6.82M to 5.88M over the last month, a decrease which represents about 2.37% of the company's float of 39.64M shares. Days to cover ratio at 9.28 days.

(For reference, FB's shares shorted have increased from 61.33M to 87.98M over the last month, an increase which represents about 2.05% of the company's float of 1.3B shares.)

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

Source: 2 Internet Stocks Seeing Bullish Short Trends