STLD· Steel Dynamics

Dark pool · off-exchange short volume

as of 2026-11-05

STLD's off-exchange short-volume ratio was 26.0% on 5 Nov 2026, below its 20-day average of 58.1%. Off-exchange trading was 38% of volume over the last 20 sessions. 10 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 24 Aug 2026.

Short ratio (latest)

26.0%

20-day average

58.1%

Off-exchange share (20d)

38%

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

273.74

0.47B

268.93

0.56B

264.13

0.62B

259.33

0.79B

254.53

0.80B

249.72

1.02B

244.92

1.53B

240.12

1.94B

235.32

2.25B

230.52

1.54B

225.71

1.65B

220.91

0.77B

216.11

0.12B

211.31

0.09B

206.50

0.19B

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.