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Dark pool — off-exchange short volume

Short ratio (latest)
58.6%
20-day average
60.9%
Off-exchange share (20d)
39%

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

187.35
3.80B
184.07
4.36B
180.78
4.48B
177.49
4.28B
174.21
5.12B
170.92
4.88B
167.63
4.84B
164.35
4.30B
161.06
3.76B
157.77
3.22B
154.48
2.47B
151.20
1.95B
147.91
2.06B
144.62
2.63B
141.34
2.47B

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.