MS· Morgan Stanley
Dark pool · off-exchange short volume
Short ratio (latest)
26.4%
20-day average
35.6%
Off-exchange share (20d)
30%
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
231.53
0.55B
227.24
2.58B
222.96
3.44B
218.67
5.22B
214.38
8.73B
210.09
5.04B
205.80
1.84B
201.52
1.52B
197.23
0.81B
192.94
3.44B
188.65
5.67B
184.37
4.71B
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.