TAP

Dark pool · off-exchange short volume

as of 2026-11-05

TAP's off-exchange short-volume ratio was 73.8% on 5 Nov 2026, above its 20-day average of 60.6%. Off-exchange trading was 37% of volume over the last 20 sessions. 7 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 4 Nov 2026.

Short ratio (latest)

73.8%

20-day average

60.6%

Off-exchange share (20d)

37%

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

49.18

2.92B

48.32

2.92B

47.45

3.35B

46.59

3.16B

45.73

2.85B

44.87

3.34B

44.00

2.57B

43.14

2.24B

42.28

2.69B

41.41

2.30B

40.55

1.70B

39.69

2.04B

38.83

1.83B

37.96

1.03B

37.10

0.73B

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.