BRO

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

51.5%

20-day average

41.0%

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

68.35

1.57B

67.16

1.56B

65.96

1.38B

64.76

1.21B

63.56

0.94B

62.36

0.79B

61.16

0.65B

59.96

0.72B

58.76

0.81B

57.56

1.45B

56.36

1.57B

55.16

1.08B

53.96

0.56B

52.76

0.34B

51.57

0.37B

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.