NCLH· Norwegian Cruise Line Holdings

Dark pool · off-exchange short volume

Dark pool as of 2026-11-04 · latest session 2026-11-05

NCLH's off-exchange short-volume ratio was 39.4% on 4 Nov 2026, below its 20-day average of 47.4%. Off-exchange trading was 44% of volume over the last 20 sessions. 6 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 29 Oct 2026.

Short ratio (latest)

39.4%

20-day average

47.4%

Off-exchange share (20d)

44%

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

19.86

6.94B

19.51

7.78B

19.16

7.26B

18.81

7.16B

18.47

6.97B

18.12

7.06B

17.77

7.63B

17.42

7.79B

17.07

7.90B

16.72

7.09B

16.37

7.74B

16.03

7.47B

15.68

7.51B

15.33

6.42B

14.98

5.42B

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.