The decrease in short interest for Fisker suggests that some investors are starting to become more bullish on the stock, potentially due to internal company developments or broader market conditions. However, with a significant portion of the float still shorted, there's considerable bearish sentiment. The comparison with peers highlights that Fisker is more heavily shorted, which could indicate specific concerns or skepticism about its prospects. The short-term impact is likely positive as the decrease in short interest may lead to reduced selling pressure.