FIVE Dark Pool Activity
Five Below, Inc.
Data as of Oct 23, 2026 · Source: FINRA daily short sale volume (off-exchange)
On Oct 23, 2026, FINRA reported 162K FIVE shares in publicly disseminated off-exchange trades (dark pools and other off-exchange venues). 75K of those shares (46.6%) were marked short or short-exempt, below FIVE's 30-day rolling average of 47.2% (z-score -0.08). Over the last 10 FINRA sessions (Oct 12, 2026 – Oct 23, 2026), FIVE's off-exchange short volume ratio ranged from 30.1% to 59.9% and averaged 47.9%; the latest reading is below that 10-session average.
Off-Exchange Volume
162K
Short Volume
75K
Short Volume Ratio
46.6%
30-Day Average
47.2%
z-score -0.08
Daily readings — last 10 FINRA sessions
| Date | Off-exchange shares | Short shares | Short ratio |
|---|---|---|---|
| Oct 12, 2026 | 333K | 138K | 41.3% |
| Oct 13, 2026 | 251K | 99K | 39.6% |
| Oct 14, 2026 | 415K | 197K | 47.4% |
| Oct 15, 2026 | 370K | 222K | 59.9% |
| Oct 16, 2026 | 324K | 188K | 58.0% |
| Oct 19, 2026 | 325K | 187K | 57.7% |
| Oct 20, 2026 | 225K | 125K | 55.6% |
| Oct 21, 2026 | 225K | 96K | 42.8% |
| Oct 22, 2026 | 253K | 76K | 30.1% |
| Oct 23, 2026 Latest | 162K | 75K | 46.6% |
Source: FINRA daily short sale volume (off-exchange). Ratio = ShortVolume ÷ TotalVolume for the day.
FIVE dark pool FAQ
- How much FIVE off-exchange volume did FINRA report on Oct 23, 2026?
- FINRA's daily short sale volume file reported 162K FIVE shares in publicly disseminated off-exchange trades on Oct 23, 2026; 75K of those shares (46.6%) were marked short or short-exempt.
- Is FIVE's dark pool short volume ratio unusual right now?
- As of Oct 23, 2026, FIVE's short volume ratio of 46.6% is below FIVE's 30-day rolling average of 47.2% (z-score -0.08). 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.