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Dark pool — off-exchange short volume

Short ratio (latest)
56.9%
20-day average
63.5%
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

177.74
0.13B
174.62
0.06B
171.50
0.20B
168.38
0.50B
165.26
0.59B
162.15
1.24B
159.03
2.55B
155.91
2.69B
152.79
2.59B
149.67
1.57B
146.56
1.52B
143.44
1.49B
140.32
0.79B
137.20
0.46B
134.08
0.34B

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.