PGI Energy, Inc. (PGIE)

[TradingGems]

Of course! MM's know a PR is coming and some are VERY short while others, likely the bigger plays, indicative of the fact the bid is moving up, have already covered! Look at the MM signal in the trades: a trade of 400 typically means, "lower the price, I'm REALLY short." Doesn't seem most of the MM's care. They likely have very little left to cover; they believe the PR will have little affect or they're waiting to see the content of the PR to decide to cover now or ride out their shorts a bit longer. All imo but it all makes sense....to me at least. Seen it before many times.