Yes, shed is in the scrabble dictionary

...and is worth 7 points by itself if you played it.

Shed Definition

noun

A large low structure often open on all sides.
A small structure, either freestanding or attached to a larger structure, serving for storage or shelter.
Something that has been shed.
Something (as the skin of a snake) that is discarded in .
A divide of land.

idiom

Shed blood To take life, especially with violence; kill.

verb-transitive

To cause to pour forth: shed tears.
To diffuse or radiate; send forth or impart: shed light.
To lose by natural process: a snake shedding its skin.
To rid oneself of (something not wanted or needed): I shed 25 pounds as a result of my new diet.

verb-intransitive

To lose a natural growth or covering by natural process.
To pour forth, fall off, or drop out: All the leaves have shed.

verb

To set apart .
To cause to be dispersed without penetrating .
To cause (blood) to flow by cutting or wounding.
To pour forth in drops .
To give off or out .