The correlation coefficient is a number that indicates the direction
and closeness of points of a line of best of fit.
So it tells us two things.
It tells us the direction of the line of best fit
and it tells us the closeness of the points.
Usually, anything between -0.9 and -0.6 has a moderate negative correlation. If you look at this on a graph, you will notice that the points definitely resemble a line so we say it's moderate.
It will be a negative correlation because the slope is negative.