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The phrase "are shrewd" is correct and usable in written English.
You can use it to describe someone who is astute, clever, or has good judgment, often in a practical or financial context.
Example: "The investors are shrewd, always making decisions that maximize their profits."
Alternatives: "are astute" or "are clever".
Dictionary
are shrewd
adjective
Showing clever resourcefulness in practical matters
Exact(60)
Ukrainians are shrewd.
They are shrewd.
But rats are shrewd.
But these old boys are shrewd.
But Mr. Karam's observations are shrewd.
They are shrewd, but they can spend more".
Indians, despite stereotypes to the contrary, are shrewd leaders.
Both bosses are shrewd South Africans and fiercely competitive.And both firms are worth similar sums.
Dealers are shrewd men who know how to hold on to their money.
If Ms. Bennett's choices don't all add up, some are shrewd.
He had a biting sense of humour, and his comments are shrewd and pithy.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com