'공매도 압박' 케이옥션, 최대주주 움직였다…지분 매입의 의미

K-auction's defense against short-sellers reveals how limited float in small-cap stocks creates structural vulnerability. A potential short squeeze from the major shareholder's ongoing buybacks could force short-sellers to cover at higher prices, with mandatory disclosure thresholds serving as critical market catalysts. The company's future valuation hinges on both supply-demand stabilization and the success of its emerging STO tokenization business.