EXPE

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

72.5%

20-day average

67.9%

Off-exchange share (20d)

40%

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

254.26

1.08B

249.80

1.69B

245.34

1.89B

240.88

2.04B

236.42

2.45B

231.96

2.18B

227.50

2.53B

223.04

2.70B

218.57

2.87B

214.11

3.54B

209.65

2.43B

205.19

2.46B

200.73

2.93B

196.27

3.41B

191.81

3.39B

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.