ARES· Ares Management
Dark pool · off-exchange short volume
Short ratio (latest)
74.0%
20-day average
58.8%
Off-exchange share (20d)
45%
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
150.07
1.85B
147.44
3.29B
144.80
3.26B
142.17
2.81B
139.54
2.78B
136.91
2.88B
134.27
2.39B
131.64
2.17B
129.01
2.52B
126.37
4.39B
123.74
4.36B
121.11
3.04B
118.48
1.80B
115.84
1.56B
113.21
1.45B
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.