See equation 2 in the paper:
Suppose that we are living near the centre of a void whose true
density relative to the cosmic mean is $\rho/\rho_0 = \alpha = 1-\delta$
Note that $\delta$ can also be written as
$$\delta = \frac{\rho_0 - \rho}{\rho_0} = \frac{\Delta \rho}{\rho_0}$$
where $\Delta\rho$ is the density difference between the void and the cosmic mean. Dividing this by $\rho_0$ gives you the relative difference, a quantity commonly used when looking at deviations from a mean.
So the density of the void is actually $(\delta -1)\cdot \rho_0$, i.e. 54.4% of the cosmic mean density.
It's a little unintiutive, but again, very commonly used.