That should be the case. It most likely should have a trumpet looking bit screwed into it which is missing.
Some of the dual port bovs come with a threaded cap you can screw in.
What brand is it? Looks like it might be an old turbosmart one of something?
The pic below of recent Turbosmart model shows the trumpet for partial atmo venting and plumb back or you fit the plug and have it 100% plumb back.