ARE· Alexandria Real Estate Equities

Dark pool · off-exchange short volume

as of 2026-11-05

ARE's off-exchange short-volume ratio was 40.8% on 5 Nov 2026, below its 20-day average of 47.6%. Off-exchange trading was 39% of volume over the last 20 sessions. 11 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 4 Nov 2026.

Short ratio (latest)

40.8%

20-day average

47.6%

Off-exchange share (20d)

39%

Darkpool density

big day, short ratio above trendbelow trendbubble size = how unusual ($vol z-score)

Last ~6 months. Bubbles mark days of unusually large off-exchange dollar volume (≥1.5σ vs the trailing 60 days). Daily resolution — not print-level data.

Darkpool levels ±15% of spot, since 2018-10-01

52.44

1.14B

51.52

0.71B

50.60

0.62B

49.68

0.60B

48.76

0.66B

47.84

0.78B

46.92

0.67B

46.00

0.69B

45.08

0.48B

44.16

0.37B

43.24

0.38B

42.32

0.32B

41.40

0.25B

40.48

0.25B

39.56

0.07B

Historical off-exchange $ volume at price: each day's volume spread across that day's range, summed over the full FINRA history. Heavy shelves often act as support/resistance magnets. Amber row = spot's bin.

Off-exchange short-volume ratio

short ratio (20d, right) daily off-exchange share (left)

FINRA daily TRF data, last 2 years. A persistently HIGH short ratio is mostly passive market-maker liquidity provision (commonly read as accumulation pressure) — not naively bearish.