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Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

53.8%

20-day average

46.4%

Off-exchange share (20d)

29%

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

60.11

0.59B

58.97

0.65B

57.84

1.06B

56.71

2.47B

55.57

4.71B

54.44

2.76B

53.30

4.25B

52.17

1.95B

51.03

2.88B

49.90

2.56B

48.77

4.28B

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.