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XEL

Dark pool — off-exchange short volume

Short ratio (latest)
28.0%
20-day average
52.1%
Off-exchange share (20d)
27%

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

84.30
0.04B
82.74
1.23B
81.18
2.87B
79.62
6.32B
78.06
2.83B
76.49
2.06B
74.93
2.37B
73.37
1.81B
71.81
2.74B
70.25
2.24B
68.69
2.84B
67.13
3.94B

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.