* Lem: The "e" in "lem" has a short vowel sound, similar to the "e" in "bed".
* On: The "o" in "on" has a short vowel sound, similar to the "o" in "hot".
* Ade: The "a" in "ade" has a short vowel sound, similar to the "a" in "cat".
Therefore, yes, "lemonade" has multiple short vowel sounds.