PBLS Market Structure

Parabilis Medicines, Inc. (PBLS) operates in the Healthcare sector, specifically the Biotechnology industry, with a market capitalization near $98.0M, listed on NASDAQ, employing roughly 145 people, carrying a beta of 0.00 to the broader market. Fog Pharmaceuticals, Inc. Led by Mathai Mammen, public since 2026-06-10.

Market structure data reveals where a stock trades across exchanges, dark pools, and alternative trading systems. Understanding off-exchange activity helps identify institutional trading patterns and liquidity dynamics.

Latest Week Ending
2026-06-08
Weekly OTC Shares
790.0K
Weekly OTC Trades
3.8K
1-Week Total Shares
790.0K
Avg Trade Size (1-Week)
210 shares

How Single-Name Off-Exchange Volume Affects Options

For single-name equities, persistent off-exchange volume concentrations can flag institutional positioning - large blocks arranged through ATS venues to avoid lit-market impact, or correlation-arbitrage flow from sector rotation. The flow doesn't directly move the lit-market price (it prints at the ATS) but it changes the inventory position of the institutional counterparty, which then drives subsequent lit-market flow. Compare the off-exchange volume series above with PBLS's gamma exposure and options volume history to see whether unusual dark-pool activity coincides with rebalancing in the options book.

Showing 1 weeks of off-exchange trading data for Parabilis Medicines, Inc..

Learn how market structure is reported and how to read the data →

Frequently asked PBLS market structure questions

What is the current PBLS off-exchange volume?
For the week ending Jun 8, 2026, Parabilis Medicines, Inc. (PBLS) recorded 790.0K shares across 3.8K trades (average trade size 210 shares). The 1-week cumulative total is 790.0K shares.
What does PBLS off-exchange volume mean for traders?
Off-exchange volume on a single-name equity reflects institutional block trades arranged through alternative trading systems (ATS) for liquidity rather than information reasons. Persistent ATS volume on a name can signal large institutional repositioning; the lit-market price impact lags the off-exchange print by hours to days as the institutional counterparty hedges or unwinds.
How is PBLS market-structure data sourced?
Weekly off-exchange volume figures come from FINRA's OTC Transparency reporting, which captures trades executed through FINRA-member off-exchange venues including ATSs and member firm internalization desks. FINRA publishes the data with a two-week lag (current-week-minus-two-weeks) for ATS-specific volume and weekly aggregate volume; the totals here aggregate all member firm reporting. Trades cleared via the listed-exchange auction are NOT included; the figure reflects only the off-exchange portion of total volume.