That's what it looks like. Sometimes they made the can flat and cut the top and bottom off to make a sign or a patch for something. The can took a donor to make it round again. It is a good thing to do if you find a really really rare can and want to make it somewhat right. Some guys are really good at making the cans look original by not using a donor can but most of the time they are shorter because the original can was cut.
Quart and Liter can relidding and dent removal services.PM for detail and pricing.
Collecting Mobil and other graphic quart cans.