ZBH· Zimmer Biomet

Dark pool · off-exchange short volume

as of 2026-11-05

ZBH's off-exchange short-volume ratio was 55.9% on 5 Nov 2026, below its 20-day average of 61.9%. Off-exchange trading was 42% of volume over the last 20 sessions. 8 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 4 Nov 2026.

Short ratio (latest)

55.9%

20-day average

61.9%

Off-exchange share (20d)

42%

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

125.57

3.66B

123.37

4.99B

121.17

4.55B

118.96

5.05B

116.76

4.60B

114.56

4.59B

112.35

4.90B

110.15

5.09B

107.95

5.65B

105.74

6.12B

103.54

5.69B

101.34

4.40B

99.14

3.61B

96.93

4.45B

94.73

4.31B

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.