NET Dark Pool Activity
Cloudflare, Inc.
Data as of Oct 23, 2026 · Source: FINRA daily short sale volume (off-exchange)
On Oct 23, 2026, FINRA reported 2.1M NET shares in publicly disseminated off-exchange trades (dark pools and other off-exchange venues). 1.2M of those shares (58.2%) were marked short or short-exempt, above NET's 30-day rolling average of 47.7% (z-score 1.31). Over the last 10 FINRA sessions (Oct 12, 2026 – Oct 23, 2026), NET's off-exchange short volume ratio ranged from 36.4% to 59.8% and averaged 47.2%; the latest reading is above that 10-session average.
Off-Exchange Volume
2.1M
Short Volume
1.2M
Short Volume Ratio
58.2%
30-Day Average
47.7%
z-score 1.31
Daily readings — last 10 FINRA sessions
| Date | Off-exchange shares | Short shares | Short ratio |
|---|---|---|---|
| Oct 12, 2026 | 901K | 400K | 44.4% |
| Oct 13, 2026 | 863K | 516K | 59.8% |
| Oct 14, 2026 | 2.1M | 1.0M | 48.5% |
| Oct 15, 2026 | 2.4M | 868K | 36.4% |
| Oct 16, 2026 | 2.1M | 764K | 37.0% |
| Oct 19, 2026 | 1.5M | 630K | 41.4% |
| Oct 20, 2026 | 989K | 421K | 42.5% |
| Oct 21, 2026 | 1.9M | 982K | 51.6% |
| Oct 22, 2026 | 2.4M | 1.3M | 52.6% |
| Oct 23, 2026 Latest | 2.1M | 1.2M | 58.2% |
Source: FINRA daily short sale volume (off-exchange). Ratio = ShortVolume ÷ TotalVolume for the day.
NET dark pool FAQ
- How much NET off-exchange volume did FINRA report on Oct 23, 2026?
- FINRA's daily short sale volume file reported 2.1M NET shares in publicly disseminated off-exchange trades on Oct 23, 2026; 1.2M of those shares (58.2%) were marked short or short-exempt.
- Is NET's dark pool short volume ratio unusual right now?
- As of Oct 23, 2026, NET's short volume ratio of 58.2% is above NET's 30-day rolling average of 47.7% (z-score 1.31). 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.