PNW· Pinnacle West Capital

Dark pool · off-exchange short volume

as of 2026-11-05

PNW's off-exchange short-volume ratio was 44.6% on 5 Nov 2026, below its 20-day average of 61.8%. Off-exchange trading was 34% of volume over the last 20 sessions. 17 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 4 Nov 2026.

Short ratio (latest)

44.6%

20-day average

61.8%

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

111.90

0.00B

109.79

0.13B

107.68

0.58B

105.57

0.85B

103.46

0.93B

101.35

1.91B

99.24

1.58B

97.12

1.06B

95.01

0.39B

92.90

0.59B

90.79

1.88B

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.