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TROW

Dark pool — off-exchange short volume

Short ratio (latest)
77.1%
20-day average
73.3%
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

121.14
0.76B
119.01
0.91B
116.89
0.68B
114.76
1.22B
112.64
1.08B
110.51
1.58B
108.39
2.49B
106.26
4.83B
104.13
6.39B
102.01
7.49B
99.88
6.44B
97.76
5.48B
95.63
5.03B
93.51
4.46B
91.38
4.00B

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.