Is that sideways compression of the hull enough to disrupt water flow/handling ? (Meaning, distinct from water ingress). Can't tell which end that is.... my point - does the hull need to be pushed back out ?
I like JB Weld, and I think (?) they have a marine version. Nothing against Weld Bond, just never used it.
Know anybody that can weld aluminum well enough to patch that ? (Definitely not within my skills).
A good aluminum compatible epoxy may do it, but coupling my belt-and-suspenders inclinations with a (normal) fear of water, I'd also try and track down a spray-in waterproof foam to line the inside of the hull. I don't work on boats, but I'd expect there should be a foam available that adds buoyancy - just guessing though...
Rgds, D.