NI· NiSource

Dark pool · off-exchange short volume

as of 2026-11-05

NI's off-exchange short-volume ratio was 46.6% on 5 Nov 2026, below its 20-day average of 54.8%. Off-exchange trading was 29% of volume over the last 20 sessions. 6 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 16 Oct 2026.

Short ratio (latest)

46.6%

20-day average

54.8%

Off-exchange share (20d)

29%

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

48.91

0.25B

48.01

1.81B

47.10

2.44B

46.20

1.76B

45.29

1.04B

44.38

1.10B

43.48

1.80B

42.57

2.64B

41.67

3.38B

40.76

2.58B

39.86

1.08B

38.95

2.79B

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.