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It is possible. See the docs:
http://django-embed-video.readthedocs.org/en/v1.0.0/examples.html#template-examples
From the link:
Default sizes are tiny (420×315), small (480×360), medium (640×480),
large (960×720) and huge (1280×960). You can set your own size:
{% video my_video '800x600' %}
This usage has been added in version 0.7.
And use relative percentual size:
{% video my_video '100% x 50%' %}
Source:stackexchange.com