The decrease in short interest by 3.54% suggests a shift towards a more bullish sentiment among investors. With 21.01% of the float still shorted, this is significantly higher than the peer average of 3.70%, indicating that while sentiment may be improving, there is still considerable bearish sentiment. The time to cover of 9.49 days suggests that any positive news could lead to a short squeeze, potentially driving the stock price up in the short term.