MAA

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

71.2%

20-day average

60.4%

Off-exchange share (20d)

34%

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

159.90

0.87B

157.10

1.07B

154.29

1.35B

151.49

1.98B

148.68

2.38B

145.88

2.13B

143.07

3.04B

140.26

2.06B

137.46

2.04B

134.65

3.17B

131.85

3.91B

129.04

3.56B

126.24

1.98B

123.43

1.62B

120.63

1.61B

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.