One of the biggest movers on the market today was the Independence Group NL (ASX: IGO) share price.
The diversified miner's shares finished the day over 6% higher at $4.19.
Why were its shares higher?
Although there was no news out of the company, Independence Group presented at the Australian Nickel Conference this morning.
While there was no new information being released, it appears as though the miner may have convinced those in attendance that its performance is improving.
Which could be bad news for short sellers. Independence Group is one of the most shorted shares on the Australian share market at the moment with 18.4% off its shares held short.
Short sellers have been targeting the miner this year due to cuts in its production guidance because of delays at its Nova operation.
