PG Dark Pool Activity
PHILIP MORRIS INTL INC
Data as of Oct 23, 2026 · Source: FINRA daily short sale volume (off-exchange)
On Oct 23, 2026, FINRA reported 3.3M PG shares in publicly disseminated off-exchange trades (dark pools and other off-exchange venues). 1.1M of those shares (34.0%) were marked short or short-exempt, above PG's 30-day rolling average of 32.7% (z-score 0.17). Over the last 10 FINRA sessions (Oct 12, 2026 – Oct 23, 2026), PG's off-exchange short volume ratio ranged from 27.2% to 50.8% and averaged 35.2%; the latest reading is below that 10-session average.
Off-Exchange Volume
3.3M
Short Volume
1.1M
Short Volume Ratio
34.0%
30-Day Average
32.7%
z-score 0.17
Daily readings — last 10 FINRA sessions
| Date | Off-exchange shares | Short shares | Short ratio |
|---|---|---|---|
| Oct 12, 2026 | 2.1M | 668K | 32.0% |
| Oct 13, 2026 | 2.1M | 582K | 27.2% |
| Oct 14, 2026 | 3.7M | 1.1M | 30.6% |
| Oct 15, 2026 | 5.1M | 1.7M | 32.9% |
| Oct 16, 2026 | 3.8M | 1.5M | 39.2% |
| Oct 19, 2026 | 2.7M | 913K | 33.6% |
| Oct 20, 2026 | 3.3M | 1.7M | 50.8% |
| Oct 21, 2026 | 3.3M | 942K | 28.1% |
| Oct 22, 2026 | 8.6M | 3.7M | 43.3% |
| Oct 23, 2026 Latest | 3.3M | 1.1M | 34.0% |
Source: FINRA daily short sale volume (off-exchange). Ratio = ShortVolume ÷ TotalVolume for the day.
PG dark pool FAQ
- How much PG off-exchange volume did FINRA report on Oct 23, 2026?
- FINRA's daily short sale volume file reported 3.3M PG shares in publicly disseminated off-exchange trades on Oct 23, 2026; 1.1M of those shares (34.0%) were marked short or short-exempt.
- Is PG's dark pool short volume ratio unusual right now?
- As of Oct 23, 2026, PG's short volume ratio of 34.0% is above PG's 30-day rolling average of 32.7% (z-score 0.17). 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.