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Dark pool — off-exchange short volume

Short ratio (latest)
70.2%
20-day average
74.8%
Off-exchange share (20d)
33%

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

226.80
0.02B
222.67
0.14B
218.55
0.24B
214.43
0.56B
210.30
0.98B
206.18
1.34B
202.06
2.56B
197.93
2.15B
193.81
1.76B
189.69
1.74B
185.56
2.33B
181.44
1.02B
177.31
0.66B

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.