BABA Dark Pool Activity
Alibaba Group Holding Limited
Data as of Oct 23, 2026 · Source: FINRA daily short sale volume (off-exchange)
On Oct 23, 2026, FINRA reported 3.3M BABA shares in publicly disseminated off-exchange trades (dark pools and other off-exchange venues). 1.2M of those shares (37.6%) were marked short or short-exempt, below BABA's 30-day rolling average of 45.6% (z-score -1.35). Over the last 10 FINRA sessions (Oct 12, 2026 – Oct 23, 2026), BABA's off-exchange short volume ratio ranged from 37.6% to 55.8% and averaged 45.0%; the latest reading is below that 10-session average.
Off-Exchange Volume
3.3M
Short Volume
1.2M
Short Volume Ratio
37.6%
30-Day Average
45.6%
z-score -1.35
Daily readings — last 10 FINRA sessions
| Date | Off-exchange shares | Short shares | Short ratio |
|---|---|---|---|
| Oct 12, 2026 | 2.6M | 1.4M | 52.3% |
| Oct 13, 2026 | 3.4M | 1.5M | 43.3% |
| Oct 14, 2026 | 3.2M | 1.5M | 46.4% |
| Oct 15, 2026 | 3.1M | 1.4M | 45.6% |
| Oct 16, 2026 | 2.7M | 1.2M | 43.7% |
| Oct 19, 2026 | 1.6M | 752K | 46.1% |
| Oct 20, 2026 | 2.4M | 924K | 38.0% |
| Oct 21, 2026 | 5.7M | 3.2M | 55.8% |
| Oct 22, 2026 | 4.2M | 1.7M | 40.7% |
| Oct 23, 2026 Latest | 3.3M | 1.2M | 37.6% |
Source: FINRA daily short sale volume (off-exchange). Ratio = ShortVolume ÷ TotalVolume for the day.
BABA dark pool FAQ
- How much BABA off-exchange volume did FINRA report on Oct 23, 2026?
- FINRA's daily short sale volume file reported 3.3M BABA shares in publicly disseminated off-exchange trades on Oct 23, 2026; 1.2M of those shares (37.6%) were marked short or short-exempt.
- Is BABA's dark pool short volume ratio unusual right now?
- As of Oct 23, 2026, BABA's short volume ratio of 37.6% is below BABA's 30-day rolling average of 45.6% (z-score -1.35). Meridian's dark pool model does not flag this reading as an anomaly.
- What does the dark pool short volume ratio measure?
- FINRA publishes daily short sale volume for trades reported off-exchange to its trade reporting facilities, which include dark pools and other off-exchange venues. The ratio divides FINRA's ShortVolume figure, which counts both short and short-exempt sales, by the total off-exchange shares reported for that day. It is not short interest and not a directional signal: market-maker hedging and reporting mechanics can raise it, so it is context for other signals.