Unitree shares rebound to 700 yuan, up 65% in seven sessions

The striking detail is the float, not the rally: with only 7.4% of shares freely tradable, a 65% move off the low can be driven by relatively modest flows, and the institutional and main-fund buying figures look small next to a 272 billion yuan market value. That thinness cuts both ways, and the Hyperliquid perpetual now gives offshore traders a leveraged way to express views on a name whose onshore price is structurally easy to squeeze. Whether the rebound holds once the float-driven momentum fades is the open question worth watching.