Step 1: To find the interval where the function is decreasing, we need to compute the derivative of the function.
Step 2: The first derivative is \( f'(x) = \frac{8x}{x^2} - \frac{4}{x^2} \).
Step 3: Solve \( f'(x) = 0 \), and we find the critical points. The function is decreasing on \( \left( -\frac{1}{2}, \frac{1}{2} \right) \).
Final Answer:
\[
\boxed{\left( -\frac{1}{2}, \frac{1}{2} \right)}
\]