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Dark pool — off-exchange short volume

Short ratio (latest)
51.5%
20-day average
31.8%
Off-exchange share (20d)
38%

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

364.88
19.8B
358.48
22.0B
352.08
24.6B
345.68
25.9B
339.27
25.7B
332.87
22.1B
326.47
22.0B
320.07
18.3B
313.67
15.9B
307.27
14.9B
300.87
14.0B
294.46
21.3B
288.06
25.9B
281.66
26.7B
275.26
26.9B

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.