AXON· Axon Enterprise

Dark pool · off-exchange short volume

as of 2026-11-05

AXON's off-exchange short-volume ratio was 71.6% on 5 Nov 2026, above its 20-day average of 65.1%. Off-exchange trading was 42% of volume over the last 20 sessions. 12 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 16 Sep 2026.

Short ratio (latest)

71.6%

20-day average

65.1%

Off-exchange share (20d)

42%

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

483.57

0.97B

475.08

0.76B

466.60

1.13B

458.11

1.42B

449.63

2.02B

441.15

2.35B

432.66

2.71B

424.18

2.84B

415.70

2.59B

407.21

2.27B

398.73

2.76B

390.25

2.08B

381.76

1.55B

373.28

1.22B

364.79

0.93B

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.