Yes. The translation is correct. But it obviously DOES NOT refer to ALL females.
– There were many women who attained stages of magga phala, and many were Arahants.
The point here is that SOME women CAN HAVE such qualities.
In the same way, there are some prominent qualities reserved for SOME men.
– They CAN BE aggressive, for example.
In other words, while men tend to show hostility outwardly and spontaneously, women tend to keep anger inward for long times and make appropriate plans with a foul mindset.
– Those are general “gati” for men and women of BAD CHARACTER.
Furthermore, one’s gati (and correspondingly sex in future births) can and will change.
– In other words, just because one is a male in this life DOES NOT mean that he will stay a male forever. As gati change, female births WILL happen in the future.
There are many posts on gati on the website and can be found by a search. For example:
“9. Key to Ānapānasati – How to Change Habits and Character (Gati)“