WDAY

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

67.6%

20-day average

62.6%

Off-exchange share (20d)

38%

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

156.91

3.75B

154.16

3.56B

151.40

3.10B

148.65

3.22B

145.90

3.90B

143.15

3.57B

140.39

3.09B

137.64

2.78B

134.89

2.85B

132.13

3.32B

129.38

3.68B

126.63

3.62B

123.88

2.44B

121.12

2.10B

118.37

1.58B

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.