Nickel price on rise but IGO still heavily-shorted

This is my first post on IGO.
There appears some IGO pessimism from prior management actions.
Also several brokers reports tip IGO's value to drop significantly.

A view exists that the global hedge funds did short IGO & WSA as proxies for expected nickel price declines.
However the nickel price appears to be climbing - see second attachment.
And IGO's gold operations are starting to perform.
And the shorting on IGO is in (slight) decline - see first attachment.

Is there still a cloud hanging over IGO?
- Potential for management to squander?
- Hedge funds manipulating the price during their unwind?

Happy New Year!