WM· Waste Management

Dark pool · off-exchange short volume

as of 2026-11-05

WM's off-exchange short-volume ratio was 47.7% on 5 Nov 2026, in line with its 20-day average of 47.7%. Off-exchange trading was 39% of volume over the last 20 sessions. 11 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 28 Oct 2026.

Short ratio (latest)

47.7%

20-day average

47.7%

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

248.03

0.09B

243.26

1.41B

238.49

3.65B

233.72

6.46B

228.95

12.3B

224.18

16.6B

219.41

13.6B

214.64

12.6B

209.87

6.49B

205.10

9.02B

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.