Last Friday, Empowered Product Inc (OTC:EMPO) slid down 0.80% to $1.24 on a volume of 15,000. The generated trading activity exceeded five times the daily average.
According to the data published by FINRA, 5,128 shares of EMPO common stock were exchanged in short transactions. In other words, the short volume was 34% of the total volume generated on Friday.
The conspicuously higher trading activity was most likely produced by a publication which announced that S&P Capital IQ had commenced Standard & Poor’s Factual Stock report on EMPO. Apparently, the news had attracted more attention to the company, however, it was unable to create enough buying pressure on the stock.
At the end of November, EMPO filed its last quarterly report. The report showed a working capital surplus of $2.3 million and net worth of $200 thousand. The 
company has reported slightly higher revenues as compared with the same period last year.
However, due to increased selling, distribution, general and administrative expenses EMPO has reported a net loss of $300 thousand for the quarter in contrast to the net profit of $65 thousand in 2010.
The cash flow statement also reveals that the company’s major sources of cash are:
- proceeds from private placements of common stock – $1.5 million
- proceeds from notes payable – $500 thousand.
Apparently, the market has found enough reasons in the financial report to keep the company’s market valuation pinned at $77 million.
