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Dark pool — off-exchange short volume

Short ratio (latest)
45.9%
20-day average
42.6%
Off-exchange share (20d)
37%

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

169.88
0.01B
166.85
0.26B
163.81
0.60B
160.78
1.91B
157.75
2.99B
154.71
4.11B
151.68
4.78B
148.65
4.28B
145.61
5.80B
142.58
6.25B
139.55
2.93B
136.51
2.21B
133.48
5.04B
130.44
8.81B

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.