CVNA Dark Pool — Off-Exchange & Short Volume

Market/Dark Pool/CVNA

CVNA· Carvana

Dark pool · off-exchange short volume

Open interest GEX Full dossier

Short ratio (latest)

38.4%

20-day average

56.1%

Off-exchange share (20d)

36%

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

78.84

0.91B

77.46

0.92B

76.08

1.35B

74.69

2.05B

73.31

2.71B

71.93

3.05B

70.54

3.50B

69.16

4.01B

67.78

4.57B

66.39

4.25B

65.01

4.02B

63.63

3.21B

62.24

2.06B

60.86

1.88B

59.48

1.85B

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.