Yes it is puffed but not too bad at this time. I suggest that you stick it in the refrigerator for an hour of so and then test it again. I will almost guarantee that the internal pressure will lessen significantly.
Heat is what makes them puff and after losing all of my batteries, (except one), because of puffing and high internal resistance I began refrigerating my batteries before and after charging as well as storing them in a refrigerator. The one which survived was puffed but not too bad and its capacity had dropped significantly. Since refrigerating my batteries I have not had a single battery puff even slightly and the puffed battery actually regained some capacity and its internal resistance has actually decreased a little.
Keep them cool, (NOT FROZEN), and puffing should be a thing of the past or the distant future!
Just what works for me!
Have fun!