Tapeab

PEP

Dark pool — off-exchange short volume

Short ratio (latest)
34.9%
20-day average
44.3%
Off-exchange share (20d)
32%

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

163.98
16.3B
161.10
18.3B
158.22
19.9B
155.35
24.2B
152.47
32.5B
149.59
25.7B
146.72
23.7B
143.84
26.6B
140.96
22.9B
138.09
20.5B
135.21
15.7B
132.33
5.34B
129.46
5.80B
126.58
10.4B
123.70
12.3B

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.