Mitek Systems (MITK) had the highest return in July 2008 by a small-cap US stock, returning 233.3%.

ASSET	MONTH	% RETURN
Mitek Systems (MITK)	July 2008	233.33%
Metalla Royalty & Streaming (MTA)	July 2008	139.71%
Axogen (AXGN)	July 2008	74.46%
CSG Systems International (CSGS)	July 2008	62.31%
Lexicon Pharmaceuticals (LXRX)	July 2008	58.71%
Covenant Logistics (CVLG)	July 2008	55.01%
Nektar Therapeutics (NKTR)	July 2008	50%
Myriad Genetics (MYGN)	July 2008	48.34%
Citizens & Northern (CZNC)	July 2008	46%
1st Source (SRCE)	July 2008	45.69%
JetBlue Airways (JBLU)	July 2008	45.18%
Lightwave Logic (LWLG)	July 2008	43.44%
EZCORP (EZPW)	July 2008	42.81%
Lineage Cell Therapeutics (LCTX)	July 2008	41.66%
Encore Capital (ECPG)	July 2008	41.29%
Barrett Business Services (BBSI)	July 2008	39.56%
Federal Agricultural Mortgage (AGM.A)	July 2008	39.05%
Emergent Biosolutions (EBS)	July 2008	38.58%
TriCo Bancshares (TCBK)	July 2008	38.35%
MBIA (MBI)	July 2008	38.23%
West Bancorporation (WTBA)	July 2008	38.07%
Myers Industries (MYE)	July 2008	37.76%
Innoviva (INVA)	July 2008	36.7%
Preferred Bank (PFBC)	July 2008	36.35%
Transcat (TRNS)	July 2008	36.22%

Small-cap stocks are treated as having a market cap between $300M and $2B.