CVNA· Carvana

Dark pool · off-exchange short volume

Dark pool as of 2026-11-04 · latest session 2026-11-05

CVNA's off-exchange short-volume ratio was 55.1% on 4 Nov 2026, in line with its 20-day average of 55.4%. Off-exchange trading was 39% of volume over the last 20 sessions. 26 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 2 Nov 2026.

Short ratio (latest)

55.1%

20-day average

55.4%

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

81.26

0.70B

79.83

0.85B

78.41

0.96B

76.98

1.01B

75.56

1.64B

74.13

2.47B

72.71

3.23B

71.28

3.73B

69.85

4.46B

68.43

4.91B

67.00

5.41B

65.58

5.00B

64.15

4.80B

62.73

3.59B

61.30

2.44B

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.