PM· Philip Morris International

Dark pool · off-exchange short volume

as of 2026-11-05

PM's off-exchange short-volume ratio was 26.1% on 5 Nov 2026, below its 20-day average of 45.4%. Off-exchange trading was 34% of volume over the last 20 sessions. 10 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 15 Oct 2026.

Short ratio (latest)

26.1%

20-day average

45.4%

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

215.51

0.09B

211.28

0.56B

207.05

1.45B

202.83

3.15B

198.60

1.84B

194.38

4.56B

190.15

11.0B

185.93

9.57B

181.70

7.47B

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.