It's a possibility, I don't know. When there is buying pressure but the price doesn't succeed in making big moves usually you have: 1 - company issuing 2 - a major shorter 3 - the MM who is in need to keep the price down (for multiple reasons)
If the company is selling some could be for:
- raising cash = which is a bad sign (I'm not saying tragic) - allowing the potential partner to get a portion of the company at mkt prices