GIS

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

68.1%

20-day average

62.4%

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

38.49

0.74B

37.81

0.64B

37.14

0.72B

36.46

1.22B

35.79

1.42B

35.11

1.72B

34.44

1.53B

33.76

2.43B

33.08

1.82B

32.41

0.83B

31.73

0.57B

31.06

0.22B

30.38

0.29B

29.71

0.57B

29.03

0.53B

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.