TPR

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

46.0%

20-day average

37.3%

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

160.26

0.10B

157.45

0.22B

154.64

0.98B

151.83

1.18B

149.01

0.87B

146.20

1.02B

143.39

1.30B

140.58

1.39B

137.77

1.10B

134.96

0.75B

132.15

1.29B

129.33

1.64B

126.52

0.88B

123.71

0.61B

120.90

0.21B

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.