You want to know what's strange, when I was taught Merchant of Venice I was taught Shylock was the victim and that everyone else was horrible and I can't see the play in any other light.
But in all seriousness, no I don't really think it's usable. There is the Hebrew name Shai/Shay that is pronounced like the word Shy (my friend's little brother is named
Shai) that could work for you.